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Rise in business properties 'boosts retail success'
The launch of a number of British properties may have contributed to the success of the retail sector.
In the British Retail Consortium-Bond Pearce Retail Employment Monitor, a rise in the amount of full-time equivalent (FTE) employment in the industry was noted.
During the second quarter of 2010, FTE employment climbed by 3.6% compared with the same period in 2009, it was noted.
And a rise in commercial properties has contributed to this success, with the monitor confirming some 468 additional retail outlets were opened in the past 12 months.
This amounts to a 3% annual rise in the total number of new stores, it found.
According to Professor Joshua Bamfield, director of the Centre for Retail Research, this industry plays a very important role in the country's economy.
"The recession really has held back retail developments and while ? trading in the last few months was not great, there is at least the feeling that things are getting better," he stated.
Posted by Sarah Smith
In the British Retail Consortium-Bond Pearce Retail Employment Monitor, a rise in the amount of full-time equivalent (FTE) employment in the industry was noted.
During the second quarter of 2010, FTE employment climbed by 3.6% compared with the same period in 2009, it was noted.
And a rise in commercial properties has contributed to this success, with the monitor confirming some 468 additional retail outlets were opened in the past 12 months.
This amounts to a 3% annual rise in the total number of new stores, it found.
According to Professor Joshua Bamfield, director of the Centre for Retail Research, this industry plays a very important role in the country's economy.
"The recession really has held back retail developments and while ? trading in the last few months was not great, there is at least the feeling that things are getting better," he stated.
Posted by Sarah Smith
Mon, 2nd Aug 2010