Hopeful signs of modest retailing recovery RETAILERS LONDON 1ST EDITION

"I don't think we're out of the woods and we haven't seen what the figures for December were at M&S," Mr [Charlie Mayfield] said. "But what I hope we are now seeing is that we have gone through that period when consumer spending dropped sharply. Retailers will have...

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Bibliographic Details
Published inThe Financial times (London ed.)
Main Author ROGER BLITZ and JAMIE CHISHOLM
Format Newspaper Article
LanguageEnglish
Published London (UK) The Financial Times Limited 28.12.2005
Subjects
Christmas
Retail stores
Shopping
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Summary:"I don't think we're out of the woods and we haven't seen what the figures for December were at M&S," Mr [Charlie Mayfield] said. "But what I hope we are now seeing is that we have gone through that period when consumer spending dropped sharply. Retailers will have been further cheered by figures from the Retail FootFall Index, showing Boxing Day shopping numbers up 17.4 per cent this year compared with Boxing Day 2004, even before yesterday's big post-Christmas sales launches. Shoppers were out in force at Bluewater, the shopping complex in north Kent, despite wintry conditions in south-east England, with a queue of 2,000 outside Next at 3am in readiness for the store's 5am opening.
ISSN:0307-1766