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Bike for Good’s improved Cytech traineeship for women and non-binary people proving successful

A new and improved traineeship programme for women and non-binary people being implemented by  Bike for Good, which delivers Cytech training in Scotland, is proving successful.

15 Jun 2023, more…

Cytech training provider Spokes People to deliver workshops at National Cycling Show 2023, opening this Saturday 17th June

Lee & Darren from Spokes People, one of Cytech’s UK training providers, are attending the National Cycling Show this weekend and will be delivering various workshops and sessions for...

14 Jun 2023, more…

Get yourself a free ticket to the National Cycling Show with V12

ACT partners V12 Finance, who are headline sponsors for this year’s National Cycle Show, have an allocation of free tickets that they would like to share with you!

31 May 2023, more…

Cytech to deliver seminars at Cycle Show 2023, opening this Friday 21st April

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and public.

17 Apr 2023, more…

Just over a week to go until The Cycle Show 2023, celebrating 20 years

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, will be joined by training providers Activate Cycle Academy and Spokes People when the...

12 Apr 2023, more…

iceBike* 2023 South opens its doors tomorrow, ACT to be joined again by new service partner Tyl by NatWest

With the North edition having closed its doors only a couple of days ago, we are again readying ourselves to meet with members at the South edition of iceBike* 2023 at The Tobacco Dock in London...

8 Mar 2023, more…

Just over a week to go until iceBike* 2023 opens it's doors, ACT to exhibit with service partners

The ACT will be joined by key service partners when leading trade show iceBike* returns as an in-person event for the first time since 2020 on Sunday 5th March and Monday 6th March at the...

23 Feb 2023, more…

Speak with Cytech about your mechanic training needs at iceBike* 2023

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, will be at next month’s iceBike* 2023 shows at the Manchester Velodrome and at...

21 Feb 2023, more…

Registration for members of the trade for the 2023 Cycle Show in London is now open

Taking place from 21st-23rd April 2023 at the iconic Alexandra Palace venue in North London, The Cycle Show brings together a variety of exhibitors from the cycle and e-mobility sectors, aimed...

2 Feb 2023, more…

Shoppers predicted to spend £4.4bn less in the run-up to Christmas

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Shoppers predicted to spend £4.4bn less in the run-up to Christmas

Posted on 24 Oct 2022

Xmas presentNew research has indicated that UK shoppers could spend £4.4bn less on essentials ahead of Christmas – a 22% drop as the rising cost of living impacts on disposable income.

The research by Retail Economics with retail technology firm Metapack, suggests nearly 60% of shoppers expect to cut spending on non-food items in the last three months of the year, the period during which most retailers make the most profit.
The forecast, if correct, would put additional pressure on retailers facing higher energy and labour bills, as well as rising commodity costs.

The company’s Holiday Shopping Trends Report found that British consumers are expected to cut back the most, with over 70% of customers expecting to reduce spending in some form.

Most consumers cited rising prices as a major concern, as UK inflation runs near 40-year highs at 9.9%.

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This December, shoppers are expected to be nearly one-fifth fewer than before the pandemic, with numbers predicted to rise by just 4.2% from last year, when the Omicron threat kept many at home.

The shift to online shopping is also expected to slow as higher shipping and return costs for returned items lead to higher fees.

Retail Economics chief executive Richard Lim said: “Inflation will peak at just the wrong time for retailers. Buyers’ budgets are already under intense pressure as inflation in international markets hit a ten-year high. Consumers are worried, budgets are under pressure, and households are set to cut spending this year in an attempt to make ends meet.

“Amid weakening consumer demand, retailers are also facing a pincer move as costs and operating costs rise, which are testing business models to the breaking point. With profit margins under intense pressure, some retailers are planning to shift shipping and return costs to areas that encourage consumers to look for alternatives.”

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