Consumers looking online for the best bargains
As the retail sector in the UK continues to hit further turbulence there are signs today that more and more consumers are looking online for the best bargains. While many shops are closed until Boxing Day a number of online sites have already started their New Year sales with bargains galore. This comes at a time when yet more well-known names in UK retail sector have requested financial assistance with a number of administrators appointed over the last couple of days.
Many are now suggesting that 2008 could be the sea change year which will see a massive boost for online retail in the future. More than ever we have seen consumers logon and check out the best bargains online with many sites offering free delivery and substantial discounts. It will be interesting to see how the retail sector responds in 2009 because costs continue to edge higher and incomes continue to fall in what has been probably one of the worst years in modern history for the sector.
Even the recent interest rate reductions have yet to have a serious impact on consumer confidence and consumer spending and until we see any significant change here, the sector is likely to struggle for sometime to come.
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