JULY TRADE NEWS Independent retailers are working hard to keep prices down Summer sales fail to help independent retailers Retailers resist pressure to go out of business Wholesaler praises Exeter's transport links Online system revealed to help local retailers Rural post office alternative does not have the funding to help businesses Independent retailers 'set to benefit from online sales boom' Suffolk market town to be transformed with new high street retail development Independent electric retailers struggle as sales slow Couple reveal joys of independent retailing Retail sales slump after May’s blip Small businesses urged to reduce energy usage Independents prepare for 3rd Vodafone boycott Government plans welcomed by retailers Independent booksellers join forces to compete Better training for retail workers Large firms take advantage of small wholesalers Sheffield authorities donate fake goods to overseas charity Economic downturn prompts calls for business rent change Falling sales hit business confidence CCTV 'can help retailers improve sales' Wholesaler uses government system to measure environmental impact Bosses 'don't feel they can take holidays' Niche service 'helped new business compete with national wholesalers' Midlands village ditches plastic bags Post office closures 'will hurt local retailers' eBay wins US court case over fake jewellery Retailers and residents join forces to protest new supermarkets Retail sales dip in June Retailer blames supplier after fake goods conviction Independent retailers boycott Vodafone Small business owners 'plan to stick with their companies for many years' Small businesses would have welcomed rate cut Businesses 'not surprised by rate hold' FSB calls for support for local retailers Small retailers 'increasingly face court over grey market goods' Around the world in a tea daze Politicians urged to always consider the smallest businesses Report warns small businesses fear recession Government looks to alter planning law to protect small retailers Small businesses are 'saving to guard against recession' UK sites handle £800m worth of fake goods every year Lack of disposable income 'could affect' retailers Yorkshire police link fake goods with drug trade Northern Irish retailers to fight Tesco plan UK business 'understand the importance of a good internet presence' Buggy manufacturers make it hard for retailers to sell online British consumers 'happy to buy fake goods' Kew retailers stop offering plastic bags More retailers 'will go bust this year' Welsh officials educate public on fake goods Attempts to save Devon post offices UK businesses threatened by rising fraud   Trade News Archive July 08 June 08 May 08 April 08 March 08 February 08 January 08 Subscribe to our newsletter   Go to The Wholesaler UK Directory 8th July 2008 Small businesses are 'saving to guard against recession' Small business owners in the UK are trying to save money to provide funds should their sales drop during the predicted economic slowdown, a report has shown. The Bank of Scotland's study indicated that Britain's small business owners are saving more than £1 billion every month in a bid to insulate themselves from the slowing economy. In fact, 76 per cent of bosses said they would rather keep hold of excess money than plan investment at the moment. A quarter (26 per cent) revealed they were saving to ensure they had funds available to cope with slowing sales and an increasingly gloomy economy. Despite these economic concerns, the study also showed that 30 per cent of small businesses were currently investing more than they were saving. "In a more cautious economic climate, where saving is prioritised over investment, it's vital that SMEs find the best home for their surplus cash," commented Peter Wood, head of strategy and products at the Bank of Scotland's business banking department. "Making the right investment and savings decisions can make a huge difference to the bottom line of any business, particularly SMEs where the line between profit and loss can be marginal."     (c) 2008 Adfero Ltd.   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.