Wednesday, September 12, 2007

Fears of a bloodbath on the high street

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 (501 views)
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2 thoughts on “Fears of a bloodbath on the high street

  • 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.

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  • Goodbye Mr Green – here’s hoping.

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