How smaller retailers can respond to challenging trading conditions
It’s frequently reported how the high street is under immense pressure, with smaller retailers taking the brunt of the impact. The shift to online shopping, rising costs and the reduction of footfall in town and city centres have already heavily impacted the retail sector, and that was before the monumental impact of the pandemic which accelerated these challenges.
Small and medium sized shops and independent retailers are particularly feeling the brunt of these pressures, as they tend to have fewer resources and rely more heavily on regular cash flow. And the light at the end of the tunnel may be some way off for a lot of retailers, as they struggle to reopen amidst complex restrictions.
However there are ways in which all business can start to take control of their finances. Smart meters enable accurate billing, helping to take the stress out of budgeting and putting you back in control. Plus, smart meters send your gas and electricity readings directly to your energy supplier so you don’t have to.
Firms with 10 employees or less could be eligible and as a first step businesses should contact their energy supplier. To find out more please click here