Friday, Dec 15, 2006

High CPI & plus high interest rates = a bad Christmas for retail

The Guardian: Retail sales improve in November but fears persist of a bleak Christmas

Retail sales came in stronger than expected last month despite shops pushing through price rises for many goods, official data showed yesterday, as experts warned of a grim Christmas for the retail sector.

Posted by jellycaster @ 06:04 PM (523 views)
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1. paul said...

Low sales volume and high prices still = high inflation and interest rate rises.

Bleak indeed.

Friday, December 15, 2006 08:42PM Report Comment

2. japanese uncle said...

This may well be a herald of the long-predicted full-scale recession, which is not a bad news considering the long term economic & cultural health of this nation, albeit at the cost of tens of thousands of jobs and the reposessions that follow:

Saturday, December 16, 2006 01:15AM Report Comment

3. Geneer said...

In this case "bleak" = less profits than normal.
The shops have no god-given right to an annual windfall.
Let them eat cake. Im sure M&S will say....not just a cake but...

Saturday, December 16, 2006 09:31AM Report Comment

4. the bald man said...

Japanese uncle. The recession is not far away. The consumer boom has masked how badly our economy has been performing for a long time. Unless Gordan can keep persuading us to keep borrowing to prop up the miracle.

Sunday, December 17, 2006 10:29AM Report Comment

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