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News - 20 April 2008
Outlook bleak for retail
According to the retail watchdog KPMG/SPSL Retail Think Tank (RTT) the next quarter is looking bleaker than the last. However, the sun is shining and people are still coming to shop in Brighton.
The experts are saying that things haven't been too bad so far but will get worse as those who have been trying to turn a blind eye to the credit crunch and the property slump will now be forced to start tightening their belts. And shopping for luxuries is the first thing that will go.
The report from KPMG also suggests that margins will continue to shrink and sales will be largely promotions driven.
How long can Brighton buck the national trend? Click here for latest Brighton footfall figures.
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