Summary
THIS Christmas was billed as the bloodiest the High Street would ever see. Shop windows were plastered with posters screaming that prices had been cut by 40, 50, 60pc (although all but the most short- sighted passer-by would have spotted the ubiquitous 'up to' prefix).
Woolworths went under. MFI closed. Retailers, we were told, were slashing prices so hard that profit margins had virtually disappeared.See the full content of this document
Extract
Price Cuts Pay Off for Debenhams ; City Focus
Come the New Year, shoppers who had stuffed their wardrobes with clothes bought in sales that had started well before Christmas had the smug satisfaction that they had paid well below full price.
Meanwhile, investors held their collective breath: had Chr...See the full content of this document
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