High Street Retailers 'in for a Grim Christmas'
Evening Standard - London › October 20, 2008
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Summary
THERE will be little festive cheer on the High Street this Christmas as shoppers turn Scrooge and keep a tight grip on their cash.
That is the verdict of retail-sector guru Nick Bubb of Pali International, who today slashed the broker's target price for the stores reporting to the market this week Home Retail Group, Debenhams, DSG International and Sports Direct.See the full content of this document
Extract
High Street Retailers 'in for a Grim Christmas'
Bubb warned that the sales outlook seems "grim", and advised clients to sell the stocks.
He was not alone in predicting misery for the chains.ING today forecast an 18.5...See the full content of this document
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