TRADE NEWS
FEBRUARY 2010

Retailers experience sales growth in February

Online retailers to benefit from universal broadband

Retailers face disproportionate utility costs

Counterfeit goods seized in Norfolk

BPF calls for public debate on CVAs

NFRN quits JIG

Tories reveal new supermarket planning laws

NI independent fashion retailers folding

Clothing retailers buck sales trend

Isle of Man Tesco could 'impact' independent retailers

Asda expansion threatens independents

Scarborough's independent shops suffer rise in closure rate

Small retailers 'not understanding shoppers' needs'

Oxfordshire retailers come together to encourage local trade

Scottish retailers left exposed to business rates

UK retailers facing closure epidemic

Computer chip counterfeiter prosecuted

Village Shop of the Year named

Family furniture retailer sees sales soar

Counterfeit goods recycled

Retailers receive grants to bolster security

Inflation slow as retailers ignore VAT rise

Uncertainty over economic policy

Britons are biggest online shoppers

 

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2nd February 2010

Uncertainty over economic policy could threaten retailers

UK-based retailers could face a difficult 2010 if surrounding economic conditions become unsupportive of the trade, it has been revealed.

While the UK may have exited from the recession in the final quarter of last year, growing 0.1 per cent, warnings over a "relapse" in trading conditions have been sounded.

Retailers could incur problems as a result of rising taxes, interest rates and uncertainty surrounding the next government's economic policy.

Nick Bubb, of Arden Partners, said that 2010 could prove to be much harder than the last year.

He said: "A mini-reflationary bubble has been created. But that has to burst eventually and the 'phony recession' that we had in 2009 will turn into the real thing at some stage this year."

Furthermore, the KPMG/Synovate Retail Think Tank has suggested there are 'dark clouds gathering on the horizon', despite its prediction of improvement in the first quarter of the year.

It also reveals that shoppers will make three per cent fewer trips this year.

© 2010

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