Latest News:  
Beijing   Cloudy/Overcast    0 / -5   City Forecast

People's Daily Online>>World

Britain's retail sector to face tough year in 2012


13:49, December 29, 2011

LONDON, Dec. 28 (Xinhua) -- Britain's retail sector is to face a tough year in 2012 as consumers continue to cut back on their expenses, a report showed on Wednesday.

According to a report by Verdict Research, a leading retail research body, consumer spending will grow by 1.2 percent in 2012, the third slowest rate in 40 years.

Food sales are expected to rise strongly, as more consumers will cut back on going out, said the report.

"The first three months of 2012 will be the most difficult period for retailers as consumers cut back severely after the expensive Christmas period," said Maureen Hinton of Verdict.

"Conditions will ease slightly with events such as Easter, the Diamond Jubilee and the Olympics improving consumer sentiment, but overall confidence will still be low," Hinton said.

According to Begbies Traynor's Red Flag survey, the sector most at risk in 2012 include retail, travel, leisure, property and construction and manufacturing.


Leave your comment0 comments

  1. Name


Selections for you

  1. A warehouse explosion in Yangon environs,Myanmar

  2. China's new-type tanks unveiled

  3. Enjoy bubble massage in a Turkish hamam

  4. Miss Tourism Int'l goes to beauty of Thailand

Most Popular


  1. EU's airline carbon tax may backfire
  2. Asian countries refuse to 'take side'
  3. US uses 'hedging strategy' to deal with China's rise
  4. What is behind US 'Return-to-Asia' strategy?
  5. China's GDP growth may slow to 8 pct in 2012
  6. China's economy not to suffer a hard landing
  7. Common interests prevent 'Cold War'
  8. War-related carbon emissions deserves attention
  9. Noda's trip enhances China-Japan mutual trust
  10. Economic outlook for next year could be dimmer

What's happening in China

School bus safety in fast lane

  1. Lawmakers concerned with use of arable land
  2. China adds 12 million new jobs in 2011: minister
  3. China to curb illegal employment of foreigners
  4. Chinese back crackdown on soccer corruption
  5. Entries to Taiwan record high

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival