Reading Reading is the process of taking in the sense or meaning of letters, symbols, etc., especially by sight or touch. For educators and researchers, reading is a multifaceted process involving such areas as word recognition, orthography (spelling ...

is an important commercial centre in

Southern England Southern England, or the South of England, also known as the South, is an area of England consisting of its southernmost part, with cultural, economic and political differences from the Midlands and the North. Officially, the area includes ...

and is often referred to as the commercial capital of the

Thames Valley The Thames Valley is an informally-defined sub-region of South East England, centred on the River Thames west of London, with Oxford as a major centre. Its boundaries vary with context. The area is a major tourist destination and economic hub, ...

. The town hosts the headquarters of British companies and the UK offices of foreign multinationals, as well as being a major retail centre. Whilst located close enough to London to be sometimes regarded as part of the

London commuter belt The London metropolitan area is the metropolitan area of London, England. It has several definitions, including the London Travel to Work Area, and usually consists of the London urban area, settlements that share London's infrastructure, and ...

, Reading is a net inward destination for commuters. During the morning peak period, there are some 30,000 inward arrivals in the town, compared to 24,000 departures.

Industry

Reading has a significant historical involvement in the information technology industry, largely as a result of the early presence in the town of sites of International Computers Limited and Digital. Whilst both these companies have been swallowed by other groups, their respective descendants in Fujitsu and Hewlett-Packard both still have local operations. More recently

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washin ...

and Oracle have established multi-building campuses in the town.

Procter & Gamble The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer he ...

also has an innovation centre in the town, which is active in the production of Gillette razors, and is the second largest in the world of its kind. Other technology companies with a significant presence in the town include

Huawei Technologies Huawei Technologies Co., Ltd. ( ; ) is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smar ...

, Access IS,

Agilent Technologies Agilent Technologies, Inc. is an American life sciences company that provides instruments, software, services, and consumables for the entire laboratory workflow. Its global headquarters is located in Santa Clara, California. Agilent was establi ...

, Audio & Design (Recording) Ltd, Bang & Olufsen,

Cisco Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

Ericsson (lit. "Telephone Stock Company of LM Ericsson"), commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in informa ...

, Harris Corporation,

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 seri ...

Nvidia Nvidia CorporationOfficially written as NVIDIA and stylized in its logo as VIDIA with the lowercase "n" the same height as the uppercase "VIDIA"; formerly stylized as VIDIA with a large italicized lowercase "n" on products from the mid 1990s to ...

Sage Sage or SAGE may refer to: Plants * ''Salvia officinalis'', common sage, a small evergreen subshrub used as a culinary herb ** Lamiaceae, a family of flowering plants commonly known as the mint or deadnettle or sage family ** ''Salvia'', a large ...

, Sagem Orga, SGI, Symantec,

Symbol Technologies Symbol Technologies is an American manufacturer and supplier of mobile data capture and delivery equipment. The company specializes in barcode scanners, mobile computers, RFID systems and Wireless LAN infrastructure. In 2014, Symbol Technolog ...

Verizon Business Verizon Business (formerly known as Verizon Enterprise Solutions) is a division of Verizon Communications based in Basking Ridge, New Jersey that provides services and products for Verizon's business and government clients around the world. I ...

Virgin Media Virgin Media is a British telecommunications company which provides telephone, television and internet services in the United Kingdom. Its headquarters are at Green Park in Reading, England. It is owned by Virgin Media O2, a 50:50 joint ventu ...

Websense Forcepoint, an American multinational corporation software company headquartered in Austin, Texas, that develops computer security software and data protection, cloud access security broker, firewall and cross-domain solutions. Forcepoint was fo ...

Xansa Xansa plc, trading as Xansa, was a British outsourcing and technology company, and was quoted on the London Stock Exchange until 17 October 2007 when the purchase of Xansa by Steria was completed and the company was delisted. Its headquarter ...

(now Steria), and

Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (ha ...

. The financial company

ING Direct The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin ...

had its headquarters in Reading, as does the directories company

Yell Group Hibu Inc. (styled hibü), formerly Yellowbook Inc., is a provider of digital marketing and advertising solutions to small- and medium-sized businesses across the US. Hibu’s specialties includes web development and hosting, digital listings and ...

and the natural gas major

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and ...

. The insurance company Prudential has an administration centre in the town, whilst PepsiCo and

Holiday Inn Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division ...

have offices. Like most major cities, Reading has offices of the

Big Four accounting firms The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size re ...

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

PwC PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewat ...

and

KPMG KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

. These companies are distributed around Reading, including in business parks just inside or outside the borough boundary. Prudential and Yell, together with most of the accountancy companies, have their offices in central Reading. Thames Valley Business Park is home to the Microsoft and Oracle campuses, as well as BG Group and ING Direct.

Green Park Business Park Green Park is a business park near junction 11 of the M4 motorway on the outskirts of the English town of Reading. The park opened in 1999, and is currently owned by Mapletree. It covers and comprises 19 office buildings arranged around the ...

is home to

, Symantec,

Logica Logica plc was a multinational IT and management consultancy company headquartered in London and later Reading, United Kingdom. Founded in 1969, the company had offices in London and in a number of major cities across England, Wales and Scot ...

and Cisco, whilst the nearby Reading International Business Park is home to Verizon Business. Winnersh Triangle Business Park is home to technology companies, whilst

Arlington Business Park Arlington Business Park is a business park in Theale (west of Reading, Berkshire), England. specially designed to blend the benefits of a modern working environment with the benefits of outdoor living. The park is home to a number of major corpor ...

is home to KPMG, Nvidia and PepsiCo. Examples of long-standing industrial companies originating in Reading include Kee Klamp.

Retail

Reading town centre is a major shopping centre. The primary catchment area for the town centre (the area for which the centre attracts the largest single flow of generated expenditure) for non-bulky comparison goods extends as far as

Goring-on-Thames Goring-on-Thames (or Goring) is a village and civil parish on the River Thames in South Oxfordshire, England, about south of Wallingford and northwest of Reading. It had a population of 3,187 in the 2011 census, put at 3,335 in 2019. Goring ...

, Henley-on-Thames,

Pangbourne Pangbourne is a large village and civil parishes in England, civil parish on the River Thames in Berkshire, England. Pangbourne has its own shops, schools, Pangbourne railway station, a railway station on the Great Western main line and a vill ...

and

Wokingham Wokingham is a market town in Berkshire, England, west of London, southeast of Reading, north of Camberley and west of Bracknell. History Wokingham means 'Wocca's people's home'. Wocca was apparently a Saxon chieftain who may ...

. The secondary catchment area (the area where the centre attracts 10% or more of generated expenditure) also includes Ascot, Bracknell, Sandhurst, Camberley,

Didcot Didcot ( ) is a railway town and Civil parishes in England, civil parish in the Ceremonial counties of England, ceremonial county of Oxfordshire and the Historic counties of England, historic county of Berkshire. Didcot is south of Oxford, eas ...

, Farnborough,

Fleet Fleet may refer to: Vehicles *Fishing fleet *Naval fleet *Fleet vehicles, a pool of motor vehicles *Fleet Aircraft, the aircraft manufacturing company Places Canada * Fleet, Alberta, Canada, a hamlet England * The Fleet Lagoon, at Chesil Beach ...

High Wycombe High Wycombe, often referred to as Wycombe ( ), is a market town in Buckinghamshire, England. Lying in the valley of the River Wye, Buckinghamshire, River Wye surrounded by the Chiltern Hills, it is west-northwest of Charing Cross in London, ...

, Maidenhead, Newbury, Slough,

Tadley Tadley is a town and civil parish in the English county of Hampshire. During the 1950s and 1960s, the Atomic Weapons Research Establishment (AWRE), now known as AWE, became the area's largest employer, and many houses were built during this p ...

Thatcham Thatcham is an historic market town and civil parish in the English county of Berkshire, centred 3 miles (5 km) east of Newbury, 14 miles (24 km) west of Reading and 54 miles (87 km) west of London. Geography Thatcham straddles t ...

, Wallingford and

Windsor Windsor may refer to: Places Australia * Windsor, New South Wales ** Municipality of Windsor, a former local government area * Windsor, Queensland, a suburb of Brisbane, Queensland **Shire of Windsor, a former local government authority around Wi ...

. In 2007 an independent poll placed Reading as one of the top ten retail destinations in the UK. The principal town centre shopping area is around Broad Street, which was pedestrianised in 1995. Broad Street is anchored at its east and west ends respectively by The Oracle and Broad Street Mall enclosed shopping centres. In 2007 14.4 million people visited the covered part of the Oracle shopping centre. There are two major

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic app ...

s in Reading:

John Lewis & Partners John Lewis & Partners (formerly and commonly known as John Lewis) is a brand of high-end department stores operating throughout the UK, with concessions also located in the Republic of Ireland and Australia. The brand sells general merchandis ...

(formerly known as '' Heelas''), and House of Fraser. There are also branches of

chain store A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...

s, including

Boots A boot is a type of footwear. Boot or Boots may also refer to: Businesses * Boot Inn, Chester, Cheshire, England * Boots (company), a high-street pharmacy chain and manufacturer of pharmaceuticals in the United Kingdom * The Boot, Cromer St ...

, fcuk, H&M,

Marks and Spencers Marks and Spencer Group plc (commonly abbreviated to M&S and colloquially known as Marks's or Marks & Sparks) is a major British multinational retailer with headquarters in Paddington, London that specialises in selling clothing, beauty, home ...

Next Next may refer to: Arts and entertainment Film * ''Next'' (1990 film), an animated short about William Shakespeare * ''Next'' (2007 film), a sci-fi film starring Nicolas Cage * '' Next: A Primer on Urban Painting'', a 2005 documentary film Lit ...

Primark Primark Stores Limited (; trading as Penneys in the Republic of Ireland) is an Irish multinational fast fashion retailer with headquarters in Dublin, Ireland. It has stores across Europe and in the United States. The Penneys brand is not us ...

and

W H Smith WHSmith (also written WH Smith, and known colloquially as Smith's and formerly as W. H. Smith & Son) is a British retailer, headquartered in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and ...

. The booksellers

Waterstone's Waterstones, formerly Waterstone's, is a British book retailer that operates 311 shops, mainly in the United Kingdom and also other nearby countries. As of February 2014, it employs around 3,500 staff in the UK and Europe. An average-sized Wa ...

have two branches in Reading. Besides the two major shopping malls, Reading has three smaller shopping arcades, the Bristol and West Arcade, Harris Arcade and The Walk, which contain smaller specialist stores. An older form of retail facility is represented by Union Street, popularly known as ''Smelly Alley'', due to the former presence of many open-fronted fishmongers and butchers. The occupancy has shifted towards major retail chains, although a few of independent shops, including a fishmonger and butcher remain. Unlike many cities, Reading has no indoor market, but there is a

street market A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a ''souk'' (from the Arabic lang ...

at Hosier Street in the town centre, open from Wednesday to Saturday, with 60 stalls selling a mixture of food, flowers and plants, cultural goods, and household goods. A

farmers' market A farmers' market (or farmers market according to the AP stylebook, also farmer's market in the Cambridge Dictionary) is a physical retail marketplace intended to sell foods directly by farmers to consumers. Farmers' markets may be indoors or o ...

operates on two Saturdays a month at the cattle market.

References

External links

{{Economy of the United Kingdom