Nick Hood, a partner at the corporate rescue and recovery specialists Begbies Traynor, said: "I would not be surprised if between 10 and 15 national and regional chains collapsed before the end of January."
Matthew Sherwood, a senior economist at analysts Experian, said: "We're looking at one of the worst retail environments in terms of the Christmas shopping season in probably somewhere around 17 years, certainly since the last recession.
"In terms of 2009 I don't see too much hope. I think it's going to be a very bad year for retailers."
Retailers employ lots of people, don't they? Lots of people on the dole. Hmmm. Just as well we have the Great Helmsman to steer us through these rocky times ...
The cunt.
6 comments:
It's hard sometimes to decide about the Frogs. Sometimes they're stinky, arrogant cycling cheese-chomping communist surrender monkeys; other times they're just utterly brilliant.
What's the betting that none of them receive bail-out cheque from Mandy. Unemployment figures spread across the country will not have the same effect on local votoing as say, erm, a large car maker?
WV hesaless - of course
Whittard has already gone under
Who or what is next?
It's easy. Sell the retail staff for their body-parts. £1,000 for a kidney, that kind of thing.
On Sunday in Christchurch I saw that Woolies were not just selling their stock -- they were selling the fixtures and fittings too. Selling the staff would be a neat final flourish on the whole thing. Make a clean sweep of it, I say.
Right Im off to woolies with the maximum budget I have £10 seen as Im on benefits
Whats going to happen to price inflation when all these companies finally go out of business and the deep price discounts we are currently benefiting from come to an end? I would have thought a raher sharp upward swing in teh CPI/RPI figure. Presumably to be followede by an increase in interest rates so as to counter it ...
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