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MPs warn that independent retailers risk extinction

February 15th, 2006 by Mike

Via: BikeBiz.com

The Parliamentary Small Shops Group has released its long-awaited report on the impact supermarkets are having on the High Street. The Association of Cycle Traders was one of the many groups to have submitted evidence to the all-party group.

Consumers will lose out in the long run, says the report:

“Prices of products will remain fairly low until consolidation reaches a saturation point and the attention of the multiples turns to increasing value to shareholders by growth through margin. Prices are then likely to increase with fewer competitors in the market.”

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