TRADE NEWS JANUARY 2009

 

 

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HE Richards into receivership
Wholesale tobacco and smoking paraphernalia supplier HE Richards has fallen into receivership, appointing financial services company KPMG as administrator.

Customer service 'key to strong sales'
Small retailers and wholesalers might be able to increase footfall by slashing their prices, but they will need to offer more value for money if they are to convert interest into sales

Wholesalers and retailers struggle in January
Both retailers and wholesalers got off to a slow start in 2009, despite the seasonal boost provided by the January sales.

Doubt over future of Walsall market
The future of a popular marketplace in the Midlands has been plunged into chaos amid fears that it is a hive of counterfeit activity.

Calls for automatic business rate relief for small retailers
Allowing small retailers automatic relief from taxing business rates would have a major impact in reducing their financial burdens during a difficult time, it has been claimed.

Counterfeit goods seized in South Ayrshire crackdown
A man from South Ayrshire has pleaded guilty to peddling fake clothing goods through online auction site eBay.

Disrupted wholesale supplies leave smokers empty-handed
Smokers on the Isle of Man were left fuming this week after severe disruptions to wholesale stock left local retailers on the island with little in the way of tobacco products.

Online retail enjoying strong sales
Confidence, price awareness and convenience are the main factors contributing to the success of online retail, it has been claimed.

Reading 'mini-economy' expected to survive storm
Small retailers in Reading are in a good position to weather the growing financial storm that is brewing in 2009.

Spring Fair visitor parking charges postponed
The organisers of Spring Fair 2009 have announced that the proposed visitor parking charges for this year's trade show have been postponed.

Report suggests bleak future for small retailers
As many as one in ten retailers could be forced out of business by the end of February, according to a bleak new report from Experian.

Tobacco display ban questioned
There is "no reliable evidence" to support the government's proposals for a ban on tobacco displays, it has been claimed.

London retail sales fall
Retail sales in central London fell by 0.7 per cent in December on a like-for-like basis compared to the previous year, as shops endured their hardest Christmas since 2004.

FSB welcomes financial aid for small firms
The establishment of a £1.3 billion fund to assist small firms during the financial crisis has been welcomed by the Federation of Small Businesses (FSB).

Credit crunch hits Cambridge as many shops lie empty
A large number of shops are standing empty in Cambridge, a local newspaper report has revealed.

Maldon car parking charges frozen for 2009
Small retailers operating in the quaint Essex town of Maldon need to discuss car parking charges with the council if they are to ensure their future success, it has been claimed.

Eco concerns important to shoppers
Small retailers and their wholesale suppliers could boost trade during this difficult time by playing up the environmentally-friendly sides of their business and products if new research is to be believed.

Wholesalers Beswick Paper and PPG unite
Two paper products wholesalers from West Midlands have joined forces following a refinancing deal, it has been reported.

Small stores suffer their worst December
Retailers in the UK suffered their worst recorded December last month, as massive discounts failed to encourage consumers to part with their cash until the last days before Christmas.

Spalding shoppers encouraged to stay local
Shoppers in Lincolnshire have been urged to keep their patronage local during this winter of discontent, if market towns are to have any change of remaining vibrant.

British interest rate falls to 1.5%
The Bank of England has slashed interest rates to just 1.5%, the lowest level in over 300 years.

Kelso residents oppose Tesco plan
The community has come together in Kelso, Scotland to oppose supermarket giant Tesco's plans to open a new store, according to the Southern Reporter.

Retail prices down in December
The unprecedented levels of discounting by retailers in December have caused the largest fall in non-food prices for two years.

Bertrams books wholesaler sale 'this month'
Woolworths may have closed its doors, but the fate of its Bertrams wholesale books supplier is still up in the air.

Retail rents tumble for first time since 1993
The average rents paid by small retailers fell for the first time in 15 years during 2008 and are not expected to pick up again until at least 2013.

Local traders oppose new Waitrose in London
A new London supermarket could signal the death knell for local traders in Islington, it has been claimed.

Lib Dems slam VAT cut
The effectiveness of the 2.5 per cent temporary reduction in the rate of VAT has been called in to question by the leader of the Liberal Democrats.

Small record store enjoying stellar success
A retro music store in North Yorkshire is enjoying a surge in sales, even though it has seen the fall of some of its main wholesale suppliers in recent weeks.

Consumers urged to help East Anglian shops
Shoppers have been warned to "use them or lose them" when it comes to small retailers in Suffolk and Essex.

Bracknell retailers sweat on Woolworths
The closure of high street chain Woolworths could have harsh consequences for small retailers in the town of Bracknell, it has been suggested.

 


 

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