Retail Knows First: A New Wave of Recession?
Just as it felt like the economy was looking up, the media is full once again of stories of doom and gloom. From the problems with Greece to the ever-rising inflation levels to the news that many households are worse off now, it seems to be one thing after another. This week has brought a whole new wave of dismay with the news of problems within the retail sector. With fashion retailer Jane Norman, department store TJ Hughes, furniture store Habitat and the owner of Moben and Kitchens Direct, Homeform all announcing that they are going into administration coupled with Thorntons and