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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11th February 2010

UK retailers facing closure epidemic

Britain's retailers are under threat, with the rate of store closures increasing over the last six months of 2009, it has been revealed.

Research from the Local Data Company indicates that retail vacancy rates across the UK increased by two per cent in the half-year period.

Vacancy rates are now at 12 per cent, with some towns seeing a cessation in trade in as much as 24 per cent of outlets.

Stephen Robertson, British Retail Consortium director general, said that while the surrounding economic conditions were difficult for stores, it was imperative that the future of the UK's high streets were secured.

He said: "High street shops are often battling big bills for business rates and rents [but they] are the heart of local communities and economies, providing jobs and essential services.

"Their future success cannot be left to chance. Town centres need to be actively managed by local authorities with their retailers, other businesses and residents."

While the recession has had a significant impact on the UK's high streets, many also believe that an increase in the popularity of internet shopping is affecting footfall.

© 2010

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