One Stop's profits boosted by own label
Own Label sales help boost One Stop’s profits
Independent Retail News reports that One Stop has reported a pre-tax profit of £20.1m for the 52 weeks to 24thFebruary, an increase of £1.3m on the previous year. The retailer posted sales of £1.01bn in 2017 boosted by the launch of “enhanced” own-label brand of around 350 product lines. At the year-end there were 168 One Stop franchises.
HMRC closes in on criminals selling illicit tobacco on social media sites
Convenience Store reports that HMRC is closing in on criminals who sell illicit tobacco via social media sites such as Facebook. The warning comes as three members of the same household were jailed for selling illegal cigarettes through Facebook.
The UK has lost two-thirds of bank branches in last 30 years.
Linked In is reporting that the UK has lost two-thirds of bank branches in the last 30 years sparking concerns that customers are being left without access to financial services.
Investigation into consumer access to financial services
Forecourt Trader reports that the Association of Convenience Stores (ACS) has welcomed the Treasury Select Committee’s decision to launch an investigation into consumer access to financial services. It will seek evidence on the impacts of reducing the number of free-to-use ATMs and provision of Post Offices in areas where bank branches have closed.
New protections for shop workers
Convenience Store is reporting that Association of Convenience Stores (ACS) is calling on the government to introduce new protections for shop workers in the UK. ACS is backing David Hanson MP’s amendments to the Offensive Weapons Bill.
ATM business rates to be scrapped
Convenience Store reports that Retailers will no longer have to pay business rates for ATMs outside their shops following a court ruling. C-stores and supermarkets have been liable to pay rates on “hole in the wall” cash machines installed on the outside walls since 2010 but will now no longer have to.
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