Energy contract renegotiation PayPoint retail growth

PAYPOINT’S UK retail sites now total 28,418, up by 164 from March 2022, according to the company’s latest results.

The EPoS and payments provider published its quarterly results to 31 December 2022 last week, which revealed go to betterRetailing.com and

PayPoint One sites were also up by 244, from 18,120. Card transaction values in convenience sites rose less than the rate of inflation, increasing by £5m to £610m, suggesting a drop in real-terms customer card spending.

INDEPENDENTS are facing less competition from new supermarket sites, and have an opportunity to acquire former multiple-run stores.

Commercial-property company Christie & Co revealed sales of convenience stores in 2022 outgrew pre-Covid-19 levels by 41%.

Laughing-gas ban

THE government is said to be preparing to introduce a ban on the sale or possession of nitrous oxide, as part of a wider crackdown on antisocial behaviour.

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Last month, retailers in Hertfordshire received letters from the police warning them against selling products containing the drug, and reinstating it can hold a custodial sentence of up to a year.