How smaller retailers can respond to challenging trading conditions

28th July 2021

It’s frequently reported how the high street is under immense pressure, with smaller retailers taking the brunt of the impact.

The shift to online shopping, rising costs and the reduction of footfall in town and city centres have already heavily impacted the retail sector, and that was before the monumental impact of the pandemic which accelerated these challenges.

Small and medium sized shops and independent retailers are particularly feeling the brunt of these pressures, as they tend to have fewer resources and rely more heavily on regular cash flow.  And the light at the end of the tunnel may be some way off for a lot of retailers, as they struggle to reopen amidst complex restrictions.

However there are ways in which all business can start to take control of their finances.  Smart meters enable accurate billing, helping to take the stress out of budgeting and putting you back in control. Plus, smart meters send your gas and electricity readings directly to your energy supplier so you don’t have to.

Firms with 10 employees or less could be eligible and as a first step businesses should contact their energy supplier. To find out more please click here.

You might also be interested in

Shorts and MD Law advise on sale of BN Gibson Limited

Wed 18th May 2022

Shorts recently teamed up with MD Law to act as lead advisors and legal representatives on the sale of Nottinghamshire based Ambulance Services

Sheffield Hallam joins universities across the UK to showcase vital impact of climate research

Thu 28th April 2022

Sheffield Hallam has joined universities across the country to demonstrate their commitment to tackling the climate emergency through research, education and community regeneration.

University of Sheffield committed to action on climate

Thu 28th April 2022

Fifty per cent of parents of 16-18 year olds believe that UK universities are equipping the next generation of students with knowledge about climate change, according to new research from Universities UK.

Recruitment Difficulties Remain at Record Highs - Quarterly Recruitment Outlook

Thu 28th April 2022

Latest figures released today by the British Chambers of Commerce show the pressure on firms struggling to recruit staff remains at record high levels.