Retailers expecting worst Christmas for twenty years.
The Guardian reports that retailers are expecting their worst Christmas since at least 1983 after seeing the sharpest fall in sales volume on record last month, according to the CBI's distributive trades survey.
The Guardiang reports: "Store chains are still hoping for a pre-Christmas rush, but 38% of retailers expect to take less than last year and only 15% expect to sell more."
Mr Roger Bernard Crossland, owner of FirstBookshop.Com, says this is mainly due to the continued change in shopping habits in favour of the internet and online shopping, often with smaller specialist retailers. ''Online we are all the same size.....the size of your computer screen.....this makes us able to compete in a way I could have never dreamed possible when I started bookselling in 1974''.
His company turnover for the year so far is up in excess of 53%
Visit source: Guardian RELATED STORY: Independent