On the rocks

OC&C's State of Retail 2009

Wednesday 07 January 2009

Report

Whitewashed shop windows, shutters long pulled down, a Woolies strip-lit and bare, graffiti everywhere - the toll of the recession is obvious in town centres and suburban shopping arcades up and down the country. But the wipeout that many expected hasn't happened. 

Instead of a recessionary explosion laying waste to retailers, the effect of the downturn has been more insidious.

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