Are we in for a double dip recession?
03-02-2010
Growth was only 0.1% in the period Sept-Dec 2009 despite strong Christmas trading. Many retailers discounted heavily to secure sales, as consumers propensity to buy remains somewhat less than the usual British Christmas shopping spree.
Redundancies are occurring and retailers are keeping all buys tight hence the heavy discounts to stay “alive”, smaller companies are open to buy budgets however margin is ruling the day.
