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Bootlegging Costs Local Stores GBP28k Each in Last Year in Lost Sales.
PR Newswire
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July 8, 2004
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COPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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SWANLEY, England, July 9 /PRNewswire/ --
Bootlegging of tobacco and alcohol is costing Britain's corner shops and convenience stores more than GBP1.2bn a year, according to new research released today.
Estimates from the survey, carried out with more than 500 retailers for leading trade magazine Independent Retail News, show that over a 12-month period the average retailer lost GBP28,472 - the equivalent of more than GBP500 a week - through smuggling.
Crucially shopkeepers are also losing out on other sales because many customers are no longer ...
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