Importance of cash to retailers reinforced

Importance of cash to retailers reinforced
News RN Store management
Login or register to save this article

London district president Nilesh Patel has reinforced the importance of cash to retailers. 

The news follows the Access to Cash review, chaired by Natalie Ceeney CBE, highlighted the overall decline in the use of cash in the UK. 

A fall in ATM use and increase in the number of cashless businesses were also reported. 

Patel told RN: “There is an even split between customers who use cash versus cards. If my business went cashless, I would lose a huge chunk of my customers.”

Ceeney said: “Closing bank branches and rising charges make it more expensive and riskier to handle cash.”

Read the essential custom publication for every growth-focused independent shop owner

Download The Retail Success Handbook today 

Click here
By Megan Humphrey Avatar
By Megan Humphrey 07 Jan, 2019

Comments

0 comments

Have you seen a boost in own-label products in the past year?

Make the most of betterRetailing.com

You know your shop better than anyone. Now you can decide exactly what news, advice and retailer case studies that you want to see to help you improve your business.

Subscribe to personalise your content Already have an account? Login