Financial Crisis Archives - The Retail & Hospitality Design Forum
Posts Tagged :

Financial Crisis

Next boss says ‘consumer slowdown’ behind sales slump…

With clothing retailer Next‘s annual results proving difficult to stomach, its chief executive Simon Wolfson has suggested that consumers now prefer to spend money on other luxuries such as holidays and eating out – with Wolfson claiming that the year ahead will be the ‘toughest’ since the financial crisis in 2008 for all clothing retailers.

It comes after Next reported that its credit service for the Directory had decreased by 4 per cent last year and, after a prosperous five years where shares had quadrupled, have now lost an estimated 30 per cent of their value.

Read the full article here.