AUGUST TRADE NEWS

Bad weather blamed for shopping centre delay

Chester council  not supporting retailers

New rules 'won't help save retail centre'

Irish shoppers look abroad for bargains

British consumers spend more on beauty products

Yorkshire town gets behind plastic bag reduction scheme

Rising obesity prompts calls for VAT rule changes

eBay restructures fee scheme to make fixed-priced sales cheaper

Online sales boom despite slowdown

Music retailer goes out of business

Matalan named and shamed for how it treats wholesalers

BCC slams higher parking charges proposals

Booming wholesaler moves to new warehouse

Market traders told to only 'shout quietly'

London's retailers show growth despite gloom

Counterfeit goods dealer sentenced to prison

UK's smallest town protests supermarket plan

More retailers and wholesalers going out of business

Online retail sector predicted to expand rapidly

Henley retailers protest development plans

Retail sales continue to slow

Tiffany appeals US court's eBay ruling

Report criticises electricity suppliers' treatment of small businesses

MK retailers protest Tesco expansion plan

Yorkshire retailers protest supermarket move

Manchester wholesaler shut down over fraud worries

Businesses welcome plans to reduce red tape

Rate hold accepted by small businesses

Internet sales put pressure on the high street

Huge counterfeit goods haul in Somerset

Irish entrepreneur online retail plans

Wholesaler sector set to struggle

Staycations could help British retailers

Retailers 'gloomy' about economic outlook

Retailers report footfall continues to decline as consumers cut back

Hidden door reveals huge counterfeiting operation in Manchester shop

No recession for the UK this year

East London wholesaler goes into receivership

London mayor reveals plans to support small retailers

Toy retailers defy gloom

Retailers urged to embrace online sales

Trade News Archive August 08 July 08 June 08 May 08 April 08 March 08 February 08 January 08

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4th August 2008

Business expert: No recession for the UK this year

Despite reports to the contrary, a group that represents the interests of small retailers in the UK has said that it does not believe the country is heading for a full blown recession.

Richard Dodd, a spokesperson for the British Retail Consortium (BRC), said that the organisation was still confident that the country would avoid a period of negative growth.

Mr Dodd was commenting following the release of the Confederation of British Industry's latest Distributive Trades Survey which showed that many retailers were deeply concerned that their sales volumes had already declined this year and would continue to do so in the coming months.

However, Mr Dodd said: "It is perfectly possible that we will see consumer spending growing more slowly than the overall economy and of course the growth of the overall economy is certainly slowing but we are not expecting to actually see the economy shrink this year or next."

He also added that it was likely that small retailers dealing with luxury items would feel the most impact of any further economic slowdown.

"Customers are very short of spare cash and are reluctant to spend on anything other than essentials," Mr Dodd explained.

"Clothing ... has suffered quite severely along with the big ticket item sectors like furniture and large electrical."

(c) 2008 Adfero Ltd.