Ikea provide a ray of cheer for Reading retail forecast
July 25, 2012
The new Ikea store is the highlight of a gloomy forecast for retail in Reading.
The furniture giant’s 19th UK store at Calcot stands out as the brightest development in the area in a report by Hicks Baker retail partner Fiona Brownfoot.
The gloomier findings are that UK’s return to recession coupled with the wettest spring on record and a 15 per cent rise in insolvencies, undermined confidence in the sector.
Research shows Reading is in 23rd position in the UK with an expenditure (excluding online) of £780m.