Economy Blog » Retail

High street madness

admin — Wed, 28 Jan 2009 16:44:55 +0000

Well, the UK economy is set to decrease around 3% this year, and the UK high street retailers have already posted disappointing figures for the December/January period, which is usually the best period for revenue figures, so I’d say its looking like a bleak 2009.

High street madness

With Britain now officially in recession, how are traders on a typical High Street faring? We returned to Southampton’s Shirley High Street to ask our team of shopkeepers a key question about confidence: are you more or less optimistic about your business than you were 12 months ago?

Despite some of stalwart shop names disappearing from High Streets up and down the country in recent weeks, our panel overall remain defiantly optimistic about business prospects for 2009.

ASDA increasing employment

admin — Wed, 28 Jan 2009 16:44:14 +0000

ASDA will be in their prime throughout the year, gathering customers from failing and premium stores such as Marks & Spencers and Sainsbury’s.
Maybe that is exactly what they are anticipating, hence why they have increased employment in their outfit by around 7,000.

ASDA increasing employment

We are living through one of the greatest financial crises in history – possibly the greatest. The contraction in credit has forced selling in everything.
Supermarket chain Asda will create 7,000 new jobs this year, a spokesman said.
More than half them will be created by the opening of 14 new stores and the planned expansion of 15 existing sites.

UK recession hits

admin — Fri, 23 Jan 2009 15:35:06 +0000

So many news sources have been suggesting that we have been a recession for quite some time, which is not actually true. A recession is two quarters of negativity within the economy, so now, for the first time since 1991, we are in a recession.

UK recession hits

The UK is now in recession for the first time since 1991, official government figures have confirmed.
Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter.