[guide.chat] news buying
- From: vanessa <qwerty1234567a@xxxxxxxxx>
- To: "GUIDE CHAT" <guide.chat@xxxxxxxxxxxxx>
- Date: Mon, 2 Jan 2012 10:50:52 -0000
On todays news is about shops, recession is going to be worse, the e u and
banks, as you know I live on the internet and know the internet inside out and
outside in, it is quite obvious why Greece and others are falling and shops
cannot sell their wares, you can buy something in one country for a pound and
the same item in another country is selling for twenty pounds, also the saying
is who needs shops when you can buy cheaper from anywhere in the world and
delivered free.
High street sales 'unlikely to kickstart recovery'
Industry warns that total sales may be down on last year as thinktank predicts
UK may be sucked into EU-wide recession
by Juliette Garside and Dan Milmo
The Guardian, Monday 2 January 2012
Barratts Priceless shop front with sale signs
The festive period has been a gloomy one with Barratts Priceless axing over
1,600 jobs and La Senza and D2 Jeans going into administration. Photograph:
Chris Ison/PA
Industry leaders have warned that mass discounting failed to kickstart a
recovery on Britain's high streets this Christmas, with total sales likely to
be lower than last year once inflation is taken into account.
The gloomy prognosis came as a thinktank predicted that the UK would be sucked
into a Europe-wide recession in 2012, with at least one country expected to
exit the eurozone.
After a festive period that has seen footwear chain Barratts Priceless axe
1,600 jobs and retail chains La Senza and D2 Jeans enter administration, the
British Retail Consortium admitted that an unseasonably mild Christmas had not
dispelled the economic chill on Britain's high streets.
The trade body's monthly Retail Sales Monitor, to be published on 10 January,
will show that despite heavy discounting in the run-up to Christmas, the total
value of sales is barely up on December 2010. If November's consumer prices
inflation of 4.8% is stripped out of that number, it would mean that sales fell
in real terms as fewer goods were shifted, the BRC added.
"We are not very optimistic that growth will be significant, and if you include
inflation it will almost certainly be down on last year," said a BRC
spokeswoman. "Last December was badly affected by the snow so there was even
more reason to hope this December would look good by comparison.
However, Christmas shopping started very late this year and there was a
remarkably high level of discounting in advance of Christmas itself."
Consumer caution is exacting a heavy toll on the retail industry, one of the
cornerstones of a services sector that accounts for 75% of the British economy.
Belt-tightening has toppled a number of familiar high street names, with
lingerie chain La Senza announcing the closure of 80 of its stores at the
weekend and outdoor clothing retailer Blacks Leisure expected to enter
administration in the coming days.
D2 jeans folded last week, as did toy and gift chain Hawkin's Bazaar, citing
"exceptionally challenging trading conditions". Administrators at Barratts
Priceless made 1,610 employees redundant on Friday after it failed to find a
buyer for its concessions business.
And investors are nervously awaiting Christmas trading news from HMV. The music
and entertainment retailer has debts of £160m and has warned tough trading
conditions "cast significant doubt on the group's ability to continue as a
going concern in the future".
Snow kept shoppers away in 2010, when the total value of sales was up just 1.5%
on the year before, stoking hopes that better weather and a sales drive would
produce a clear improvement on the 2010 total.
However, it became apparent last month that big discounts were not overcoming
consumer worries. Shops were so concerned about the lack of spending this
December that two-thirds of retailers were putting up the sale signs 10 days
before Christmas, according to PricewaterhouseCoopers.
The research firm Verdict predicts that retail sales will grow by just 1.2%
during 2012, up £3.5bn to a total of £295.3bn. It means that 2012 will be the
third weakest retail year in four decades, only beating 2009 and 2011.
The bleak outlook on British high streets will be replicated across the UK
economy, the Centre for Economics and Business Research warns today. In its top
10 predictions for 2012 the thinktank says it expects a "modest to severe"
recession in the west, although this could exclude the US.
The UK will not be so lucky, adds the CEBR, with the possibility that Britain
has already been through the first of two quarters of economic contraction.
"Depending on how the euro is managed, European GDP will decline by between
0.6% and 2%.
The UK will also probably hit a temporary recession ? this could well be
happening right now in Q4 2011 and Q1 2012," says the CEBR. It adds that by the
end of this year "at least one" country will leave the euro, with analysts
nominating Greece as the overwhelming favourite for an exit.
from
Vanessa The Google Girl.
my skype name is rainbowstar123
Other related posts:
- » [guide.chat] news buying - vanessa
