Skip to content
Search
AI Powered
Latest Stories

Convenience channel only sector to see improvement in net decline of stores

Convenience channel lost less number of stores in the first half of 2020 when compared to the same period in the previous year, a new research by retail data consultancy the Local Data Company (LDC) has shown.

The channel including food retailers, off licences and convenience stores has seen a net loss of -768 in H1 2020 compared to -787 in H1 2019, only sector to see an improvement in net decline compared to the previous year.


The overall figures for the retail and leisure market reveal the devastating impact of the COVID-19 pandemic with a net loss of -7,834 units in the first half of the year, a 115 per cent increase from the decline seen in H1 2019 (-3,647).

LDC said this represented the biggest decline seen in a H1 period since its records began.

The report has also revealed the resilience shown by the independent sector when compared to the chains/multiples as the net change in the number of occupied units for the former was less than a third (-1,833) of the figure for chains (-6,001).

“The independent market has fared better as these businesses have been able to be more agile, bringing in new product lines and offering food deliveries; have a smaller cost base to cover during periods of little or no trade and have been able to take advantage of government support schemes,” commented Lucy Stainton, head of retail and strategic partnerships at LDC.

“However, as we continue through the year with various local lockdowns and restrictions, life will not get any easier for operators.”

There has been a 21 per cent increase in the total number of closures than H1 2019, nullifying the 5 per cent increase in openings.

Comparison goods retail (selling physical goods such as fashion, footwear, books and homeware) accounted for 64 per cent of all lost units in H1 2020 with a net loss of -4,975 stores while leisure and hospitality market declined by a net -1,263 units, up from -352 in H1 2019.

The loss in the former channel is the highest for any H1 period since 2014, the report noted.

“These figures mark only the first phase in the impact of the pandemic on the retail economy this year with 20 per cent of the market is still temporarily shut and with more months of difficult trading conditions ahead,” Stainton added.

More for you

​Illegal vapes

Illegal vapes seized in Swindon raids

Photo: Wiltshire Police

Five arrested after seizure of illegal vapes worth thousands of pounds in Swindon

Wiltshire Police have arrested five people and seized more than £55,000 worth of illicit vapes, tobacco and alcohol following a series of warrants in the Broadgreen area of Swindon.

In a joint operation HMRC and Trading Standards, officers executed four warrants in Manchester Road at three stores and a property on Tuesday as part of the force’s ongoing Clear Hold Build work within Broadgreen.

Keep ReadingShow less
Volumatic welcomes new FCA rules safeguarding access to cash

Volumatic welcomes new FCA rules safeguarding access to cash

As industry leaders is cash handling, Volumatic has long supported the use of cash and the importance of maintaining access to cash for both consumers and businesses. The company recognises the importance of the new set of rules created by the Financial Conduct Authority (FCA) two months ago, to safeguard access to cash for businesses and consumers across the UK.

Since introduction, the new rules are intended to ensure that individuals and businesses who rely on cash can continue to access it and the outcome has already sparked the creation of 15 new banking hubs across the UK, including one in Scotland, with many more to follow.

Keep ReadingShow less
Jisp unveils new NPD service

Jisp unveils new NPD service

Retail technology company Jisp has launched an NPD service as part of its new Direct to Retailer business unit.

The new NPD service will allow brands to launch or trial new products in a guaranteed number of convenience store locations, with on the ground review of execution by Jisp’s retail growth manager team, and performance data and insights deliverable through its scanning technology and back-office systems.

Keep ReadingShow less
Tesco launches price cuts in Express convenience stores
File image of Tesco Express

Tesco launches price cuts in Express convenience stores

Tesco is slashing the price of more than 222 own-brand and branded products in its Express convenience stores.

Essentials including milk, bread, pasta and coffee are included in the lines which have been reduced in price by an average of more than 10 per cent at Tesco Express stores. The retail giant has made more than 2,800 price cuts across stores in recent months. With 2,048 of convenience stores at the end of the 2023-24 financial year, Tesco aims to benefit hundreds of thousands of customers from the cheaper deals.

Keep ReadingShow less
vape and cigarette
Photo: iStock

One in five ex-smokers in England now vape, study finds


Summary
1. One in five people who have successfully quit smoking in England currently vape, with an estimated 2.2 million individuals using e-cigarettes as a smoking cessation tool.
2. The increase in vaping among ex-smokers is largely driven by the use of e-cigarettes in quit attempts, with a rise in vaping uptake among people who had previously quit smoking for many years before taking up vaping.
3. While vaping may be a less harmful option compared to smoking, there are concerns about the potential long-term implications of vaping on relapse risk and nicotine addiction. Further research is needed to assess the impact of vaping on smoking cessation outcomes.


Keep ReadingShow less