MEMBER'S LOGIN
You are here: Home | Blog | Is the deficit reduction programme good for retail?
Is the deficit reduction programme good for retail?
Posted At: 20 October 2010 00:18 AMRelated Categories: Retail
I was interested to read in a letter to the Daily Telegraph the other day that various captains of industry were wholeheartedly urging the government to cut fast and deep. I was interested because the undersigned included: Will Adderley (Dunelm Group); Robert Bensoussan (L.K. Bennett); Andy Bond (ASDA); Ian Cheshire (Kingfisher); Charles Dunstone (Carphone Warehouse Group); Ben Gordon (Mothercare); Stefano Pessina (Alliance Boots); Sir Stuart Rose (Marks & Spencer); Joseph Wan (Harvey Nichols); Simon Wolfson (Next). Employing nearly half a million workers and generating nearly £60bn of revenue between them, they must surely have a handle on business in the UK?
Interestingly, Sir Terry Leahy (Tesco), whose empire employs a similar number of people and generates similar revenue to the sum of the above, was not a signatory.
I asked Geoff Nicholson, our MD, for his view. You can see what he had to say on the FSP website here
NB revenue and employee statistics available from SnapShop's Accounts Analysis.
There are no comments for this entry.
Add a Comment:
Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.
Subscribe
Blog Roll:
Archives By Category:
Recent Entries:
Recent Comments:
Pragma Consulting Limited (Part of Handley House Limited). Registered Office - One Tudor Street | London | EC4Y 0AH. Registered Number 02184185 SnapShop is Pragma’s online resource for consultancy clients for UK Retail Intelligence and is useful for conducting retail research, observing retail trends, checking financial health of UK retailers etc. SnapShop holds around 2,300 records on all the major retailers, plus some smaller, regional companies and selected online and specialist businesses, and includes a range of retail data including retailer information that is head office addresses, key contact information, stores numbers, retail locations, rental data, merchandise category searches, retailer target customer, price categorisation, customer segmentation, retail news, retail statistics, retail facts, sales density, retail articles, accounts analysis and much more. ©Pragma Consulting 2007 – 2024