Online retailing is making greater advances, according to Christopher Wicker, chairman of the Retail Consulting Group. Pointing to France, he said online sales were up 24% at EUR 31 bn last year compared with 2009. ‘With annual growth of 20%, sales will total EUR 45 bn by 2013,’ he predicted. That figure would represent around 10% of total consumer sales which were put at EUR 457 bn last year.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
