In the All-Party Parliamentary Small Shop Group’s long-awaited report into the impact of the major grocery multiples on the high street by 2015, MPs argue that a retail regulator is needed to carry out a full investigation into the grocery sector.
It also calls for all retail mergers and acquisitions to be put on hold until the government has introduced proposals to secure the diversity of the retail sector.
In a long list of recommendations, the report also suggests a revision of the two-market ruling because, it says, “the lines between ‘top up’ and ‘one stop’ shopping have become increasingly blurred” since the market was defined in 2000.
The report suggests that by 2015, pressure from the major multiples would mean that newsagents and petrol forecourts would be “very unlikely to survive”, while c-stores and grocers would be “unlikely to survive”.
Other recommendation put forward include introducing a code of practice across the retail sector, reviewing the tax system and revising the retail property sector.
For full details, see The Grocer this Saturday.