Tesco Expansion Will Threaten Small Shops

Supermarket Tesco’s proposed expansion in the wake of record profits is a major threat to small independent shops, the Rural Shops Alliance (RSA) has warned. The RSA, which represents independent retailers, appealed for “more fairness” in the grocery sector, and urged the Government to bring in new measures to curb the supermarket’s expansion. The Alliance’s appeal come shortly after Tesco posted record annual profits of £3.4 billion ― a growth of ten per cent on last year’s figures. The supermarket chain also recently stated its intention to increase its store development programme by 40% compared with last year. The RSA’s proposals include more rigorous planning laws to prevent big operators “overriding” local opinion and ... »

Smes Expanding Dispite Credit Crunch

Resilient SMEs expanding despite Credit Crunch

More than half of small–business owners have no plans to curb their growth or avoid employing new staff because of the economic downturn, according to insurance firm Hiscox. The Hiscox survey of 350 UK business owners found 52 per cent were not planning to stop their plans to expand. Hiscox UK underwriting manager, John Heaney said; “At a time when big firms are announcing profit warnings, refinancing and job losses, small–business owners are bucking the trend,” said Hiscox UK underwriting manager, John Heaney. “It’s encouraging to see businesses remain positive in the downturn.” However, Heaney also cautioned against over–optimism in a difficult market. “There are pluses – it might be a good time to negotiate on property, for exa... »