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Retail suppliers late payment worsening

UK debt collections

Small businesses supplying the automotive, retail industry and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according to Good Business Pays. Waterstones payments increased from 73 to 75 days. Hobbs payments increased from 53 to 66 days. Virgin Mobile also going from 38 to 28 days.

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4 Things Retailers Can Do to Prepare for Holiday Shoppers

Nerd Wallet

Even though we’re only at the tail end of summer, retailers have already spent months gearing up for the holiday shopping season. And due to a tornado of factors — including inflation, supply-chain woes and consumer spending habits that changed during COVID-19 lockdowns — retailers are looking ahead to a shopping season that promises to.

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What Is Retail Accounting? A Guide to the Retail Method of Accounting

Nerd Wallet

Retail businesses have unique challenges, not the least of which is business accounting — especially for inventory. Discover the ins and outs of retail accounting to help you stay on top of your bottom line. MORE: NerdWallet’s best small-business apps Understanding retail accounting The term “retail accounting” is a bit of a misnomer.

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Luxury Car retailer in liquidation with debts of £1.14m

UK debt collections

Liquidators have listed 61 creditors owed a combined total of £1.14m after luxury car retailer Autovogue slipped into liquidation this month. A statement posted via the Autovogue website at the time apologised to customers and listed a number of reasons for the business’s failure.

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Lightspeed Retail POS Review 2021: Features, Pricing and Alternatives

Nerd Wallet

Lightspeed Retail is a point-of-sale system for brick-and-mortar retailers, providing both the software and hardware a business owner needs to run transactions. Lightspeed Retail is a good match for medium and large-sized businesses —. Lightspeed Retail is a good match for medium and large-sized businesses —.

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BlockFi Credit Card Adds Retail Offers for Bigger Rewards

Nerd Wallet

The BlockFi Rewards Visa® Signature Credit Card is adding retail offers to the card’s rewards program, allowing cardholders to earn up to 10% back in cryptocurrency. The article BlockFi Credit Card Adds Retail Offers for Bigger Rewards originally appeared on NerdWallet. back in cryptocurrency for each dollar of purchases.

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Retail Insurance: What It Is, How to Get It for Your Business

Nerd Wallet

Most retail stores should have general liability and commercial property insurance to protect their businesses against common risks, such as customer injuries and property damage. In fact, in order to rent retail space, a landlord may require proof of both types of small-business insurance before approving your lease application.

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