Tag Archives: Retailers

Only 1 follower on social media wont buy out of 10. read more

Only 1 follower will leave with empty cart out of 10 if,

It is often said crises comes up with some opportunity, we all know the crises businesses are facing explicitly Retail, Hotel, food and travel industry are observing unanticipated decline in sales and forced to either shut the brick and barter stores or furlough/ layoff employees. Customers are bound to opt digital medium to shop necessities or other essential shopping. It is a time for brands not to just sell to their customers but help them in shopping which will have long lasting impact on customers memory.

Every customers is expecting that his product list will be available online at the time he need it and never thought of out of stock or unavailable item. Customers who are linked with brands on social media and following there deals are most likely to buy those items at least 9/10 of the customers. Social sharing platforms that emphasize videos and photos, like YouTube and Instagram, have boosted their popularity among younger consumers. It was said by some tech mind giant in 2008 that in a span of few years the significance of data will be on the top which will force every brand to be on social media than anywhere else, so is all happened.

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There are chances that 90% of the customers following brands on social media will buy product, mean 9/10

Turn this crises into opportunity, don’t just sell customer, help him out in shopping and turn him your loyal customer

Costco Brick and barter sales have declined due to observing Pandemic restrictions such as social distance, stay at home and primarily other industry such as travel, food, optical and hearing are not performing due to lock down. However Costco e-commerce sales have out performed by 88% as customers using digital platform to place orders during lock down.

Applied VAT on imports is costly for retailers: Post-Brexit concerns erupts

 

Changes outlined in one of the many Brexit-related bills would force companies to pay the levy on goods at the point they enter the UK, rather than after they are sold.

Business groups said the change would create severe problems for UK companies, including cash flow issues and additional bureaucracy.

Business groups say changes will create major bureaucratic headache and cashflow problems for more than 130,000 firms

At least 130,000 UK firms will be forced to pay upfront import VAT once Britain leaves the single market, under which import tariffs are not imposed on goods bought from other EU countries.

More than 100,000 UK companies will be forced to pay VAT upfront after Brexit, under controversial government plans being debated by Parliament this week.

Currently, firms can register with HMRC for permission to import some goods from the EU free of a VAT. They register the charge but the levy is added to the price of the product and paid by the customer.

One small business owner told The Independent the changes would be “disastrous” for her company.

Sally Stephenson, who owns The Pencil Case and The Toy Box, two independent high street shops in Cowbridge, South Wales, said: “My business isn’t big enough to import directly, so I buy stock from wholesalers who do. At the moment EU products are imported into the UK without any VAT added, so those lower costs are passed all the way down the supply chain to end-users like me.

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Under the new system being planned, the Government said, “import VAT is charged on all imports from outside the UK”.

Businesses would then have to pay the tax upfront and claim it back at a later date, meaning they would be spending significant sums of money long before they recoup them in sales.

Industry groups said the change could create major problems for UK importers and retailers.