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Consumer cash payments to rapidly diminish

Consumer cash payments to rapidly diminish

Talking Retail is reporting that recent research by Paymentsense suggests that the UK is fast moving to a cashless payment society. Their Chief Marketing Officer said that usage in the UK was shrinking at a rapid rate and that many consumers are now living totally cashless lives. David Gilroy of Store Excel comments that this points up the importance of card transactions for small c-stores.

Retailers using wholesaler apps more frequently than websites

Convenience Store is reporting that The HIM Wholesale Online Report 2019 which involved collaboration with digital experts RNF indicated that the average order value via a wholesaler app is 18% higher and contains 18% more items than wholesaler websites. David Gilroy of Store Excel comments that the convenience of using a wholesaler app is becoming compelling. 

Parfetts to expands into the north east

Talking Retail is reporting that the wholesaler Parfetts is gearing up for expansion into the north east of England from its new base depot in Middlesborough. They have recruited new retail advisors to operate in the new territory.

Minimum wage set to increase from today 1stApril 2019

Linked In is reporting that nearly two million UK workers are in line for a pay rise of nearly 5% with effect from Monday 1stApril 2019. The legal minimum wage for employees over 25 increases today from £7.83 per hour to £8.21 per hour.

Making tax digital date is upon us

Convenience Store is reporting that almost 1.2 billion businesses will need to comply with the new legislation, which requires those with a taxable turnover above the VAT threshold of £85,000 to keep their records digitally and submit their VAT returns using MTD-compatible software. More than 70,000 businesses have now signed up and more than 3,000 are signing up a day, but with just days to go, many thousands have yet to do so, HM Revenue and Customs (HMRC) said. Small business without accountants or the correct software can choose from over 220 compatible software products from at a range of prices, including free ones.

The most coveted employee benefit of all? Time. 

Linked In is reporting that in a tight labour market, companies have tried everything, from on-site hair salons to yoga classes, to attract and keep workers. But according to a new survey by MetLife, what workers want most is simply more free time. Unlimited paid vacation emerged as the most desired benefit, with 72% of workers surveyed saying they’d want it over things like rewards for healthy living, paid sabbaticals or on-site services like laundry or childcare. 

David Gilroy

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