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30th July 2010
Wholesalers urged to start building stock for Christmas
UK wholesalers have enjoyed improving business conditions over the past three months after a difficult start to the year and should now turn their attention to Christmas, it has been reported.
According to the Bibby Financial Services Business Factors Index, wholesale is now the third-best performing sector in the UK, Talking Retail reports.
Edward Rimmer, chief executive of Bibby, said that the festive season would be key to the industry's ability to growing through the remainder of the year.
"Wholesale firms must begin building their inventories now to make sure finances are in place to prevent a funding bottleneck when dealing with an increase in orders," he recommended.
Interestingly, the index indicated that smaller wholesalers are more optimistic about the future of their business than those with turnovers of more than £1 million.
However, Mr Rimmer urged companies to remain cautious in the current economic climate, even if the figures show that forward progress is being made.
© 2010
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