Board

2012

Business Outlook

2011

2005

2006 2007

2008 2009 2010

Retail

7.9

5.9

5.6

- 3.6% movement in average prices

Retail

2.1

-6.5

-9.8

Steve Rodell Director and Head of Retail

“ Despite strains on the consumer purse and the increasing presence in the high street of small-format supermarkets, the independent convenience sector continued to hold its own. The migration by independents to ‘symbol’ brands in both stores and forecourts demonstrates the sector’s desire to compete. While market conditions continue to suppress transaction volumes, the sector looks sure to benefit from corporate demand for going concern opportunities and new sites in 2012.”

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