Consumer market will not pick up until 2011?

Following on from my last post I’ve just been reading about a survey  commissioned by PR firm Kreab Gavin Anderson, which found many retailers believe the consumer market will not pick up until 2011.

Just over a third of those questioned – 34% – are not anticipating strong growth until 2011 or even later.

Just 13% expected the consumer market to pick up significantly this year. And nearly all – 94% – said they expected a slow recovery as tax rises squeeze shoppers’ disposable income.

Despite fears, two-thirds said they were more positive than seven months ago as fears of economic Armageddon had not emerged.

Retail bosses also warned that Christmas would be flat this year.

So there you have it – rather depressing but perhaps not as bad as it could have been.

Tony Heywood – Gilcrest Services Ltd
Retail Troubleshooter
Business Turnaround and Recovery

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