Online Retailers Prosper

The BBC Click programme looks at how online retailers are going to prosper in the recession whilst high street retailers suffer, fall into administration and close.

The credit crunch might be bad news for high street stores who see fewer people step through their doors but it is proving to be good news for web retailers.

Many hope their green credentials and more secure payment systems will encourage more customers to take their mouse shopping rather than their car.

End of Cash!

Are we going to see the end of cash?

BBC Breakfast report on a possible cashless future.

220% increase in number of businesses going bust!

The BBC reports on the huge increase in the number of businesses going bust!

There has been a huge rise in the number of firms going bust in England and Wales because of the recession.

The Insolvency Service said that in the last three months of 2008 there were 2,428 corporate insolvencies such as administrations and receiverships.

That was a 220% rise on the same period the year before.

This of course has an impact on suppliers of those businesses as well as the immediate impact on the employees.

This kind of negative news, along with job losses reported across the country makes consumers behave in the very way in which reinforces the recession, as spending reduces and firms cut back on production.

Things will start to change once the economy starts to feel that it is at the bottom and has higher expectations about the way in which the economy is moving.

More on the economic environment in which businesses operate.

Photo source.

Woolworths is to be reborn

Woolworths is to be reborn but not on the high street it will be reborn online.

The Woolworths brand is to be relaunched as an online retailer after being bought by Daily Telegraph owners, Sir David and Sir Frederick Barclay.

Read more.

Of course this means that there will not be a return of the Woolworths classic the pick and mix.