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Retailers in for a rough ride – Finweek

Retailers in for a rough ride – Finweek

Faced with a sputtering economy, high levels of consumer debt and a clampdown on unsecured lending, clothing and furniture retailers are under pressure to find new sources of growth. Big retailers reliant on offering credit sales to lower and middle-income consumers have been particularly vulnerable, with financial results reflecting an increasingly cash-strapped and cautious consumer environment. Simon Anderssen comments in this article.
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