| European intervention
could weaken UK Shoppers refund claims
Year 2010
New rules proposed by the European Commission could weaken the
the rights of UK consumer.
Under current UK law, consumers are entitled to a full refund if
the goods they purchase are found to contain a fault.
The proposed European amendment, will only enable consumers to
be entitled to a replacement or repair of their faulty goods, and
in some cases only a discount.
With some exceptions, consumers will only be able to claim against
their faulty goods within thirty days of purchase.
The Department for Business plans to fight to retain the 'right
to reject' for UK shoppers.
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UK consumer confidence
increases, the highest for twenty one months
Year 2010
A report released by GfK NOP has shown an increase in consumer
confidence.
The month of October 2009 has detailed an improvement in consumers
willingness to make bigger purchases, the highest for twenty one
months.
With the Bank of England keeping interest rates low, the trend
of confidence is predicted to up lift further.
Analysts still believe consumers are wary of further economic troubles,
and the overall picture is still of fragility.
But, the forecast is for the UK economy to pull out of recession
in the near future.
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Grocery stores remain resilient, clothing
sector hardest hit
Year 2010
The most resilient retailers of the UK recession are the grocery
supermarkets.
Research firm, Deloitte, has released data that shows consumers
are being drawn towards supermarkets such as Tesco, rather than
non-food businesses.
Compared to two years ago, over eighty percent of shoppers are
purchasing the same pound sterling amount of food.
The picture is not so healthy for clothing and shoe retailers,
who have been hit by a forty five percent decrease of spending by
shoppers.
As was to be expected, budget level retailers and product lines
are selling best.
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