Friday, December 15, 2006
High CPI & plus high interest rates = a bad Christmas for retail
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 (546 views)
4 thoughts on “High CPI & plus high interest rates = a bad Christmas for retail”
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paul says:
Low sales volume and high prices still = high inflation and interest rate rises.
Bleak indeed.
japanese uncle says:
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:
Geneer says:
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…
the bald man says:
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.