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It has been a tough December for retailers, and grocers have not been spared in the downturn.
But it is not just that overall sales are falling.
Canny consumers have been trying to make their money go further and that has meant changing the way they shop.
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The dreaded R-word - recession - is in the air as every day seems to bring more gloomy economic news.
Many commentators are now openly talking about the current slowdown turning into a recession.
But how do economists define a recession and when will we know if the UK is going through one?
What is the definition of a recession?
This is a thorny question on which experts still disagree.
However, technically speaking, the UK economy would slide into recession when it experiences two successive quarters of what is known as "negative growth".
For this to happen, the total amount of goods and services produced by the UK - known as gross domestic product (GDP) - would have to contract on a quarter by quarter basis for a total period of six months.
read full article at The BBC
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.
read more sourced from The Guardian
Read more...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.
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