This week saw another two major retailers fall victim to the recession. the liquor store Threshers collapsed, leaving 4,000 staff unemployed. the store on Surbiton high street is already cleared out. Also in trouble is the book chain Borders, which has gone into administration but will continue trading until another buyer is found. This seems unlikely at the moment, with Waterstones not very interested. Two publishers have told me that the crisis has seen a collapse in sales of mass market books, as well as competition from internet retailers.
Economic 'growth' figures are due to be released in December, with Gordon Brown predicting that the country will be out of recession and Alastair Darling being more circumspect. But whatever the figure say, it looks as though employment won't be going up any time soon.
Sunday, 29 November 2009
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment