Newsagents losing sleep, going broke

NEWSPAPERS’ best channel to market – the newsagent – is struggling in Britain, and that is starting to damage weekday and weekend sales.

The National Federation of Retail Newsagents has pleaded with the British government for assistance to stem the trend of newsagents closing their doors.

It said that more than 500 newsagents had gone broke in the past 12 months. Some 117 of those were in Northern Ireland.

In the North-East of England, 59 has closed because of trading pressures as Britain suffers from its worst recession in 60 years and is set to have the highest level of debt, as a ratio of GDP, in the western world. 

A total 482 newsagents also closed in 2007, which means that nearly 1,000 newspaper shops have gone out of business in two years.

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