Thursday, Feb 15, 2007
Disposable incomes feeling the squeeze
FT.com: High Street sales fall sharply despite discounts
January retail sales fell faster than in the past four years despite sharp discounting on the High Street, data released on Thursday showed.
The findings suggest that Christmas, which was busier than expected, masked the impact of interest rate increases on consumers.
“This has come right out of the blue for the markets; expectations were that shoppers would be taking advantage of post-Christmas discounts, but this just hasn’t materialised.”
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