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 Subscribe to our newsletter   Go to The Wholesaler UK Directory 1st August 2008 East London wholesaler goes into receivership An east London wholesaler has gone out of business after operating for close to 50 years. A statement on the website of Walthamstow-based CD and DVD wholesaler S Gold and Sons confirmed that its bosses had appointed joint administrators on July 30th. The local Epping Forest Guardian reported that staff at the wholesaler were told earlier in the week they would all be made redundant at 15:00 today (August 1st). One unnamed employee told the paper that staff had suspected the wholesaler was struggling, as orders had dropped off considerable in recent months. She added: "People just don’t know what to do. When they told us, there was one woman who just went hysterical. "I'm disgusted with them. I really think they should have kept us in the loop. Some people have been there 20 or 30 years, there are one-parent families, there are people who are being treated by the private health insurance we got with the job. "We were told they did they did their best to sell the business but they just weren't able to do it." Recently, research from Gfk suggested that independent electrical retailers were struggling in the current economic situation.   (c) 2008 Adfero Ltd. Sponsor of August Trade News Tilting TV Brackets   Comment on this news story To comment on any story please click on the above link, put the story title in the subject line and please provide your name, trading style ie. retailer or wholesaler and the town where you trade.