Retailers investing £17,000 per year on improvements

Convenience retailers are continuing to invest in business improvements, refurbishments and refits despite a turbulent market, according to the ACS.

Their research showed retailer investment spending has increased by £12m when comparing the second quarters of 2017 and 2016. One of the largest areas of investment over the last quarter is till systems with one in four retailers upgrading their ePoS equipment.

The data shows the average convenience retailer spent £17,127 on improving their store last year, representing a £5,150 increase compared to the figures given in last year’s ACS Local Shop Report.

Explaining the increases, the organisation’s CEO James Lowman said: “Store owners have remained committed to making investments in their stores to reduce costs in the long term and provide a better service for consumers. Some convenience stores have taken on specialist services like bakery counters, post offices and even pharmacies.”