Fillip for UK retailers

DEPARTMENT stores will be one of the major winners from the boost in British retail spending being forecast over the next three…

DEPARTMENT stores will be one of the major winners from the boost in British retail spending being forecast over the next three years, a leading retail consultancy said yesterday. A new report, published by Verdict, said companies would be ideally placed to cater for the needs of those high spending consumers who will help drive forward the recovery. A key part of that recovery would be the extra money pouring into circulation from building society takeover bonanzas and maturing Tessa accounts.