Wednesday, Sep 12, 2007
Fears of a bloodbath on the high street
Times: Fears of retailing bloodbath when interest rises hit home
Simon Wolfson, the chief executive of Next, said that despite a tough summer for retailers, he was “acutely aware” that millions of homeowners had still to feel the full impact of the higher cost of borrowing.
Posted by chris @ 04:31 AM (228 views) Add Comment
2 Comments
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1. daft boy said...
Nothing to do with higher cost of borrowing. Consumers are just maxed out on credit. A bit like north sea fish stocks, they will need a few years to recover.
2. harold said...
Goodbye Mr Green - here's hoping.