Desperate stores slash prices again as shoppers shun the high streetMany retailers make more than 40 per cent of sales and profits in the run-up to ChristmasBut they are faced with a slump in the numbers coming through their doorsThe figure is down by 5.7 per cent in out-of-town malls, 5.5 per cent in shopping centres and 2.1 per cent on the high street | UPDATED: 23:27 GMT, 19 December 2012 Desperate retailers are slashing prices as shoppers shun stores, with numbers down by up to 5 per cent compared to last year. Many retailers make more than 40 per cent of sales and profits in the run-up to Christmas, but they are faced with a slump in the numbers coming through their doors. The figure is down by 5.7 per cent in out-of-town malls, 5.5 per cent in shopping centres and 2.1 per cent on the high street, according to the British Retail Consortium.
More than four in ten firms set up since start of credit crunch in 2008 have folded – and the survival rate is getting worseNearly one million firms shut down between 2008 and 2011The high street has also suffered particularly badly in the last few years the research says | UPDATED: 23:26 GMT, 13 December 2012 More than four in ten firms created since the credit crunch crisis in 2008 had gone out of business by 2011 – and the survival rate is getting worse.
Tesco to venture into giant Indian market after their government allows foreign superstoresOverturned ban means international companies can compete in IndiaLaw changed to help revive slowing economy Tesco already has a partnership with Indian supermarket Tata’s Star Bazaar | UPDATED: 17:43 GMT, 7 December 2012 Tesco is set for a big push into India as politicians in Delhi cleared the way for foreign firms to break into the retail market.