Computer stores in area to the north reportedly near shop with alarm (5-3)
I believe the answer is:
panic-buy
'near shop with alarm' is the definition.
I know nothing about this answer so I can't judge whether it can be defined by this definition.
'computer stores in area to the north reportedly' is the wordplay.
'computer' becomes 'PC' (personal computer).
'stores' means one lot of letters goes inside another.
'area' becomes 'a' (maths abbreviation).
'to the north' shows that the letters should be reversed in order (in a down clue, letters go up or 'northward').
'reportedly' becomes 'buy' (I can't justify this - if you can you should give a lot more credence to this answer).
'in'+'a'='ina'
'ina' backwards is 'ani'.
'pc' going around 'ani' is 'panic'.
'panic'+'buy'='PANIC-BUY'
Can you help me to learn more?