Bad July for U.K. Retailers
London, U.K. retailers have their poorest July in 10 years as confidence was hit by a series of terrorist attacks in London and stagnating house prices that curbed consumer spending, the British Retail Consortium said. Same-store sales fell for the fourth successive month, sliding 1.9% from July last year. The drop followed a 0.5% decline in June.
On July 7, London was rocked by four explosion. A series of failed bomb attacks occurred two weeks later. Given events, experts say, the decline in sales during July could have been much worse.
The Bank of England’s Monetary Policy Committee last week pared its benchmark interest rate for the first time in two years to 4.5%, saying there are “downside risks” to consumer spending. House-price growth slowed to a 10-year low in England and Wales during May, June and July.
Self-Checkout Transactions to Surpass $450 Billion by 2008
Franklin, Tenn., Anew study conducted by IHL Consulting Group found that self-checkout transactions for 2005 will be $161 billion. The study predicts the value of the transactions will be more than $450 billion by 2008. Analysts attribute the increase in transaction sales to the growing numbers of self-checkout systems in supermarkets, supercenters and home improvement centers.
The study found that 94% of respondents already had tried self-checkout. Men are 60% more likely than women to use self-checkout on nearly every trip to the store. According to the study, the biggest complaint from consumers about self-checkout is the need for employee assistance. Respondents said they needed help one out of every three times with self-checkout.
Read All About It: Wireless Security
New York City, Wireless security is an all-or-nothing proposition: If one part of the system is insecure, the whole system is insecure. In the article: “Is Your Data Safe?” Robert Danahy of Zebra Technologies explores some of the keys to network security. To read the article, click on the “Guest Commentaries” tab at the top of the page.