No industry is immune to the ongoing economic crisis and the Retail sector is no different.
Given the current lack of consumer confidence and changing consumer behaviours, many retailers are reporting a fall in sales and as a result are heavily discounting product in a bid to drive footfall. This is resulting in a fall in margins and placing significant pressure on cash reserves and the ability to meet supplier credit terms and quarterly rent payments.
Through our regular work within Retail credit circles and particularly the British Home Enhancement Trade Association (BHETA), which we co sponsor, we have a unique insight into the issues where credit insurance can help.
The peace of mind that Credit Insurance provides, together with a gateway to skilled risk analysts who specialise in the Retail sector, could prove an invaluable addition to your existing credit management processes. The access to up to date credit information from both within the UK and overseas always ensures that you are trading not only on reputation, but with the knowledge that insurers know and have met with your major customers.
With over 20 years experience working within your sector, Acumen Credit Insurance has the expertise to tailor products to meet your individual needs, recommend the most appropriate insurer and address those issues which uniquely affect businesses supplying into the Non Food retail arena.