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News - 27 May 2006
|Cheaper at an open market!|
Street markets take on supermarkets… and win!
The New Economics Foundation (NEF) has looked at the competition between supermarkets and street and farmers markets in East London and concluded that the markets win hands down on a surprising range of indicators
A greater range of fresh fruit and vegetables; cheaper prices and more jobs per square metre of retail space are cited as being advantages that the markets offer over supermarkets.
Goods purchased from the street market at Upton Park in London were, on average, 53% cheaper than the local Asda. The report from NEF challenges the traditionally held view that supermarkets are first choice regenerators of urban areas. Also, unlike supermarkets, the income generated tends to remain in the local area and the reduced requirement for transport of goods is more sustainable.
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New Economics Foundation