News Archive
'Third of firms are on brink'
A THIRD of the UK footwear industry has been pushed to the brink of failure by low growth, sliding profits and escalating debts, according to research.
The findings were released by industry analysts Plimsoll Publishing which carried out a financial health check for the top 1,000 companies in the footwear sector.
The findings revealed that supply is outstripping demand and also claimed that all companies are facing a difficult trade off between protecting profit margins and appealing to price sensitive customers.
A THIRD of the UK footwear industry has been pushed to the brink of failure by low growth, sliding profits and escalating debts, according to research.
The findings were released by industry analysts Plimsoll Publishing which carried out a financial health check for the top 1,000 companies in the footwear sector.
The findings revealed that supply is outstripping demand and also claimed that all companies are facing a difficult trade off between protecting profit margins and appealing to price sensitive customers.
Store shortlisted in business awards
Cambridgeshire's Advance Performance running store has
been shortlisted at the British
Small Business Champions Awards 2008.
The BSBC Awards targets companies with under 50 employees, and aims to celebrate and recognise the achievements of the UK's small business sector.
Advance Performance was selected as an Area Finalist from 270 companies across Central Britain;
an area stretching across 20 counties.
Cambridgeshire's Advance Performance running store has
been shortlisted at the British
Small Business Champions Awards 2008.
The BSBC Awards targets companies with under 50 employees, and aims to celebrate and recognise the achievements of the UK's small business sector.
Advance Performance was selected as an Area Finalist from 270 companies across Central Britain;
an area stretching across 20 counties.
