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WHAT’S REALLY HAPPENING WITH RETAIL ?

 

 

Are the current problems on the High Street solely related to the economic downturn, or are they also related to something more cyclical ?

If you go back to the 1970’s the retail landscape was very different to how we see it today.

Whilst high street retail was much smaller than it is today, the UK also had a thriving mail order industry which was dominated by 6 major players. Significantly, it was an industry that offered easy credit during a period of economic uncertainty.

Websites and Legals…

It is strange how so many small business owners behave very differently online from their everyday working environment.

For example, take websites and their compliance with legal requirements and standards. Most owners of a small business will be reasonably aware of the legal guidelines which they must adhere to in the day to day operation of their business in whatever field they operate. However, once they venture online many businesses have a presence which does not meet legal requirements. Partly this is because the internet is relatively new and regulation is still developing, partly because of a shortage of good advice as to what is required. Unfortunately, although “No-one told me” is not a defence” it is often a reality.

We live in a world which is increasingly regulated, and if you have an online presence you need to be aware that the legal scrutiny of websites is becoming more rigorous, more regulated and at an increasing frequency.

So what should you do?

Driving More Profit Through E-Commerce

You can read any number of articles that tell you how easy it is to sell online. Set up an e-commerce site, and the sales will just come rolling in.
But there are rather less sources of advice around to tell you how to do it profitably. So here are a few things to consider:-