Pick of the day: UK Retailers Have Lost £23bn Since The Start Of The Recession

Savings "piggy bank" with stacks of money.No wonder town centres built round retail are in trouble:

“The cost of the recession to Britain’s retailers has been calculated as a whopping £23 billion since the start of the recession. The figures, compiled by research specialists Conlumino for ecommerce partner Webloyalty uses a model dating back to 1970 which looks at Brits spending year-on-year across both the sector as a whole and individual divisions.”

Read the whole story here: UK Retailers Have Lost £23bn Since The Start Of The Recession.

About Ares

Ares Kalandides holds a PhD in Urban and Regional Studies from the National Technical University of Athens. He is the founder and CEO of Inpolis, an international consultancy based in Berlin, Germany and has implement several projects around the world. Ares teaches Urban Economics at the Technical University in Berlin and Metropolitan Studies at NYU Berlin.
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One Response to Pick of the day: UK Retailers Have Lost £23bn Since The Start Of The Recession

  1. webloyaltyuk says:

    Thank you for sharing Webloyalty’s research into retail trends. Huffington post covered the research last week, and you can find the full report here: http://webloyalty.co.uk/news-a-research/33-press-releases-2013/124-research-reveals-recession-cost-retail-sector-p23bn-since-2008

    ~ Webloyalty UK

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