Portland Business & Financial Solutions The way forward, made brighter

Difficult times ahead for retail industry

The increase in inflation to 3.7%, the likely increases in credit card and loan borrowing rates and the increase in VAT to 20%, are all signs that this is going to be a difficult time for the retail industry.....

HMV’s proposed closure of 60 stores and the administration of British Books Limited raises the question of which major retailer will be next?

The reduced Christmas sales has been partly blamed on the severe weather in December but is this reduced turnover the start of a trend?

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