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   European visitors to The Wholesaler please click here   What’s New At The Wholesaler UK New Categories added recently Wholesale Fabric Tents and Camping Equipment Nautical and Marine Gifts Wholesale Golf Products Fireside Nostalgia, Nostalgic gifts, retro and vintage Wholesale Haberdashery Trade News Archive 2009  January   February   March   April   May   June   July   August   September   October   November   December Subscribe to our newsletter   Go to The Wholesaler UK Directory 19th February 2010 Isle of Man Tesco could 'impact' independent retailers The proposed development of a new Tesco superstore on the Isle of Man could impact local businesses, it has been revealed. John Francis, a chartered town planner who appeared as a witness for the chain store at its planning inquiry, admitted that the creation of the supermarket could have knock-on effects for smaller stores, according to iomtoday.co.im. He told the news provider: "There are some potential impacts for independent retailers but it will depend on the quality of the offer they provide." The proposed new store has been the subject of fierce debate on the island, with objectors suggesting that a large Tesco could spell the end for a number of local traders. However, Mr Francis says that the good recent performances seen by stores in Douglas would possibly allow a number of stores to survive the arrival of the larger competitor. A report by Tesco reveals that the construction of the superstore would take away £10.1 million from retailers by 2014, the equivalent of 6.9 per cent of trade. © 2010 Comment on this news story   Trade News Archive 2008  December   November   October   September August   July   June   May   April   March   February   January