Bricks and Mortar

This is a very sobering piece of research; especially given our electric and heating bills have recently doubled and fuel is almost £2/litre.

Traditional retailers are paying 755% more in business rates than their digital competitors, according to new analysis.
Real estate advisory firm Altus Group says that for every £100 earned by most retailers in Great Britain (excluding non-store sales and fuel) £2.91 is owed to local councils in business rates.

For large online-only retailers, however, total business rates per £100 in sales are just 34p.

In addition to this, we have to ensure we are not being undercut by these online retailers for things like pickups, strings, and other accessories such as Spring and nail kits, or even our giftware which means our margins are cut to the bone.