The Retail Review: Christmas Retail Survey 2007 - Are Things Adding Up? - Part 1
Mondaq Business Briefing › United Kingdom Law Articles in English (2007)
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The Retail Review: Christmas Retail Survey 2007 - Are Things Adding Up? - Part 1
FOREWORD
The Rise Of The Most Demanding Consumer EverWelcome to our 13th annual Retail Review, our 'golden quarter' analysis of consumer shopping trends and retailer responses in the all important run up to Christmas and New Year.The wettest summer on record has played havoc with retail trading. This year's Christmas period will therefore test retailers' ability to anticipate consumer expectations and to emerge as a New Year winner.If the bad weather was not enough, the 'global credit crunch', as a result of lending decisions in the US, is now beginning to create consumer confusion in western economies and the UK in particular. Any impact from related UK lending decisions has yet to percolate into the economy. But one thing is clear consumer confidence has been stirred but whether or not it has been permanently shaken has yet to be determined.The evolution of the UK consumer into a complex, unpredictable and empowered individual has challenged the retail industry. In the past five years, retailers have res...See the full content of this document
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