Retail Sector

Tesco launches game trade-ins across the UK

Supermarket chain Tesco finally launched its video game trade-in service across the UK. Adverts for buy and sell pre-owned video games were published in national newspapers.
2010 FIFA World Cup on PS3 is available for just £12, while Mario Kart Wii, Alan Wake on 360 and 360 version of Red Dead Redemption have been priced at £17, £14 and £19 respectively.

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July Celebrates Highest Online Retail Sales in Three Years

July saw the online monthly retail sales touching £5 billion, which is said to be the maximum in three years.

The possible reason for this surge is heavy downpour, which forced people to stay at home and do their shopping online.

Data released by IMRG and Capgemini revealed that online sales increased 18% during the month of July. It was seen that on an average, Britons had spent £81 online.

In addition, the annual rise is also the greatest that was seen since 2007.

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Kentville Store Owner Gains Victory in First Round of Challenge against Tobacco Display Ban

Bob Gee, a Kentville store owner gained victory over the first round of the challenge against the provincial regulation that bans the tobacco products being exhibited.

Under the Tobacco Access Act, Gee was charged for displaying tobacco products at his Mader's Tobacco Store in July 2009. On this, he raised a challenge, taking aid of Charter of Rights and Freedoms against the legislation for violating his right to freedom of expression.

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Poundland Discount Chain Marks Expansion

Poundland, which is widely known as the discount high street retailer, is reported to be seeking for bigger stores in a view to widen its business. The store chain recently posted to have fetched 130% rise in its net annual profits.

In addition, the chain has witnessed its revenues to have marked a climb of over 33% as compared to the figures recorded the previous year, triggered mainly by the country’s austerity trends.

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Discount chain Poundland to open new 50 stores, creating up to 2,000 jobs

Discount retailer Poundland announced on Thursday that it decided to open as many as 50 new stores to meet increased demand, in a move that will generate up to 2,000 full- and part-time jobs.

Poundland, which operates 263 stores and items costing £1, attracted more and more customers due to tough economic times. Chief executive Jim McCarthy said that he was confident that the chain would growth and expand further despite the fragile economic conditions.

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