Posted by smeddum on September 14, 2009
London retail sales tumble to cast doubt on the sector’s recovery curve
Debenhams, Next, French Connection, Kingfisher and Dunelm report this week
By James Thompson
Monday, 14 September 2009
London’s retailers will today create shockwaves by posting their worst monthly sales for four years, ahead of results this week from some of the UK’s biggest store groups that will provide a health check for the high street leading up to the critical Christmas trading period. Read the rest of this entry »
Posted in Financial crisis | Tagged: retail crisis | Leave a Comment »
Posted by smeddum on August 17, 2009
Aug 17, 2:33
Lowe’s 2Q profit falls 19 pct; shares fall
By MAE ANDERSON
NEW YORK (AP) — No. 2 home-improvement retailer Lowe’s Cos. on Monday said second-quarter earnings fell 19 percent on weaker-than-expected sales, adding fresh fuel to doubts about the ability and willingness of consumers to lead the U.S. economy out of recession. Read the rest of this entry »
Posted in Financial crisis | Tagged: retail crisis | Leave a Comment »
In These New Times 