Having started the year with promising levels of activity during the New Year sales, it’s fair to say there was a glimmer of optimism about 2011. It did not take long however, before moods darkened and the rain clouds loomed.
On top of higher than anticipated inflation, cuts in Government spending, higher taxes and the rumbling European debt crisis have dampened growth and squeezed consumer confidence. Are retailers about to feel the effects of another recession? What’s in store for retailers this Christmas and what is our diagnosis for 2012?
Our latest report reviews the 2011 retail landscape, the lessons learned and some of the challenges and opportunities which await retailers as we enter a new year.