Sales soar at Primark

Primark sales sour over the Christmas period. As the rest of the high street suffer Primark sales increase.

Article

Primark has enjoyed another successful Christmas, with sales soaring by more than a fifth as its cut-price chic continued to appeal to shoppers.

Parent company Associated British Foods said today that total sales at the fashion store rose by 21% in the final 16 weeks of last year.

The sharp rise was partly attributed to Primark opening six new stores during the year, but the group said like-for-like sales growth, which excludes new space, was "very strong" at around 4%.

Primark's performance provides further evidence that shoppers are becoming increasingly thrifty as the recession hammers consumer confidence – a trend that sent clothing sales falling sharply at Marks & Spencer.

Primark fired several suppliers in 2008 following allegations that they were using child labour. But this week, allegations emerged that one of its UK suppliers was subjecting its workers to sweatshop conditions, with illegal immigrants receiving just half the minimum wage for 12-hour days, seven days a week.

read full article sourced from the Guardian

Changing High street

As we see some of the most well known high street stores closing - are we seeing a new high street emerging. Will small independent shops start opening or will the highstreet be full of boarded up shops and for sale signs. 

I am not that surprised that the high street is starting to showing of downturn. We have lived for best part of 10 years in a consumer fuel enviroment. As high streets up and the country were all starting to look the same. Do we need all these shops selling very simarly things and as we are all starting to do more amd more shopping on the internet, why do we need still high street outlets.

Changing High street

As we see some of the most well known high street stores closing - are we seeing a new high street emerging. Will small independent shops start opening or will the highstreet be full of boarded up shops and for sale signs. 

I am not that surprised that the high street is starting to showing of downturn. We have lived for best part of 10 years in a consumer fuel enviroment. As high streets up and the country were all starting to look the same. Do we need all these shops selling very simarly things and as we are all starting to do more amd more shopping on the internet, why do we need still high street outlets.

Manufacturing output falling at fastest rate since 1980s

read more  sourced from The Guardian

Manufacturing output falling at fastest rate since 1980s

read more  sourced from The Guardian

The changing recession

Thank you for visiting my site. I am 31 years old and have been interested in this current downturn. I don't remember the previous recessions having much effect, but maybe it did.

The most noticeable element this time is the banking sector, house prices and the high street. The main difference is how fast paced everything is happening. Each day i watch the news something else has happened.  

The changing recession

Thank you for visiting my site. I am 31 years old and have been interested in this current downturn. I don't remember the previous recessions having much effect, but maybe it did.

The most noticeable element this time is the banking sector, house prices and the high street. The main difference is how fast paced everything is happening. Each day i watch the news something else has happened.