Retail Round up - The Sunday papers

UK households 'lost 13pc of wealth in one year', Christmas turkey shortage feared, Australian retailer Howards Storage World opens Scottish store, Matalan weighs £1.5bn sell-off, JD plots £42m football coup, Floors-2-Go seeks more investment to carpet its growth, The Sunday Telegraph The huge impact of the economic turmoil on households in Britain has been revealed by new figures that show that household wealth in Britain fell by £844bn between 2007 and 2008, driven by sharp falls in house prices and the collapse of the stock market.It is expected to fall by a further £251bn in 2010 after a slight improvement this year.The near 13pc decline, to £5.8 trillion between the end of 2007 and the end of 2008, was a combination of a £394bn fall in housing wealth and a £450bn decline in net financial assets.The findings, by the... [read full story]                    

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