The British Independent Retailers Association (Bira) has revealed that over 85% of its traders will not be participating in the Black Friday Sales.
The association, which works with over 6,000 independent businesses of all sizes across the UK, urged shoppers to still shop local and support stores that have weathered 18 months of uncertainty due to the pandemic and supply issues.
A recent survey undertaken by Bira members shows the majority will not be slashing prices within their stores; stores that range from single retail outlets and small chains through to large department stores and agricultural dealerships.
Commenting is Andrew Goodacre, Bira CEO.
“Christmas is going to be an incredibly important season for independent retailers. The retail sales data for October showed a promising increase, with online sales falling to 27% of total sales. This trend indicates that shoppers have returned to shopping on the high street as they start to prepare for the festive period.
“Despite these positive indicators, we remain concerned about rising costs for the smaller retailers and the problems in the supply chain that are impeding the independent retailer’s ability to meet consumer demand. This current trading period is the most important one for retail. We need stronger sales in November and December to help retailers take on the many challenges that await them in 2022.
“From our research, around 85% of independent retailers are not participating in Black Friday, which is higher than ever before. We have always known that independents don’t see much value in this event.”
“The main reasons for them not wanting to take part is because they either don’t agree with the idea, there are higher prices, and there is also insufficient volume to make the large discounting work. They also need to preserve their margins. This, coupled with many of our independents experiencing supply chain issues, has proved to be a real challenge.
“Independents changed their business model during the pandemic by promoting themselves more through social media and implementing services such as click and collect. This creativity is still important with shoppers looking to shop local and spend money in their local community.
“The pandemic has been very difficult for those retailers classed as non-essential. In the past 18 months, they have suffered three lockdowns, weeks of restrictive regulations and are now just starting to build back their businesses.
“At the start of the pandemic, we saw customers turn to online providers because there was no other choice. Large companies such as Amazon were the big winners. Whilst we, in some ways, admire what Amazon does, the pandemic simply highlighted the unfair playing field between high street shops and online retailers.
“I am pleased to say that indies are always resilient. The latest ONS retail sales figures show that online penetration has fallen again; down to 27% (from a high of 59%). This is a sign that shops are fighting back and regaining the confidence of the consumer.
“However, more needs to be done by the Government to enable the physical stores to continue to compete. The best way would have been to completely reform business rates. Sadly, that well-known problem has been kicked into the long grass yet again.”
For further information on Bira, please click here.
