FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

John Lewis warns of bleak Christmas for UK retailers

When the likes of John Lewis, Marks & Spencer and other well-known UK high street stores suggest that Christmas will not be arriving in the UK retail sector we all really need to stand up and take notice. As consumers we all know there is very little spare funding at the moment with many struggling to pay energy costs, mortgage costs and general living costs.



We have also learned today that the fashionable Blacks Leisure chain is struggling and looking to spin off a number of non-core activities in order to raise funds to see the company through these difficult times. Blacks Leisure will not be the only company in this situation and as we have suggested on numerous occasions before, we will see some well-known UK retail companies fail in the early months of 2009. It is difficult to see when we might expect a recovery in the sector as a number of experts are suggesting that the UK economy has yet to bottom out.



While short-term interest rate reductions, hopefully substantial, may help UK consumer confidence in reality will have little impact upon what promises to be a very challenging Christmas period.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue