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Platinax Internet >> Platinax Internet News
« Chip and pin - really secure? | Main | Sony to finish plasma for LCD? » December 20, 2004Retail growth great at ChristmasRetail growth has been high for the Christmas period, destroying gloomy predictions that rising interest rates, massive debt, and an uncertain housing market, would dampen Christmas selling. However, it has to be pointed out that the sales have really been turned on this year, so increased growth can hardly be held to have been a spontaneous development. As reported by Reuters: Shopping surges ahead of Christmas
The BBC in Christmas shoppers flock to tills also reports on merchants across the UK experiencing significant growth in sales. However, it has to be said, with interest rates likely to rise again in 2005, with the housing inflation possibly going into reverse, and massive consumer debt to contend with, is this the last of the fat cow years before the lean times hit? Posted by brian_turner at December 20, 2004 06:39 PM | Discuss this in the Business, Marketing & Search forumsTrackback PingsTrackBack URL for this entry: |
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