03
Oct
2008
Name:
The Greek name for amber was ηλεκτρον (Electron) and was connected to the Sun God, one of whose titles was Elector or the Awakener. The modern term electron was coined in 1891 by the Irish physicist George Stoney, using the Greek word for amber (and which was then translated as electrum) because of its electrostatic properties and whilst analyzing elementary charge for the first time.
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02
Oct
2008
The National Minimum Wage increase of 21 pence per hour has disappointed retailers who had hoped for an increase in line with inflation, according to the British Retail Consortium. NMW rose from £5.52 in March to £5.73, but the BRC says it had called for this year’s rise to be no more than the rate of inflation.
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02
Oct
2008
There is no doubt that the year ahead will be a challenging one. It may represent the worst trading conditions for over 20 years - although the market will still grow, albeit marginally, cost base inflation is likely to outstrip growth in the top line for many.
I see three key challenges for retailers. Those managing them effectively will emerge from this difficult time leaner and stronger. It’s all to play for!
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02
Oct
2008
Whilst on the face of it, high levels of discounting and promotional activity may appear attractive to consumers in the form of lower prices, the RTT believes that widespread use of it can create risks for retailers. First and foremost, it believes that erosion of a retailer’s brand is one of the biggest risks faced.
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02
Oct
2008
For the purposes of the white paper, the RTT considered a broad definition of the topic area including:
Traditionally, ‘end of season’ sales were the way in which retailers disposed of surplus stock at regular, pre-determined times during the trading year; primarily in January and at the end of the summer. These sale times were well known by consumers as part of the shopping calendar and people understood that outside these regular sale times they would pay full price. It seemed to be a system that worked well for many years and suited both retailers and consumers.
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