Filed under: Retail
December 12, 2008
By Roy Cokayne
Pretoria – Murray & Roberts (M&R), the listed construction and engineering group, is to retrench 1 400 workers in its underground mining contracting business because of a curtailment of projects.
Filed under: International News
British retail sales plunged last month at their fastest pace since records began 25 years ago, while a growing number of Britons predicted prices would fall, not rise, next year.
Filed under: International News
December 1, 2008
New York – Americans, who had snapped their wallets shut since September, flocked to stores before dawn on Friday to grab deals on goods from televisions to toys on the traditional start of the holiday shopping season, feared to be the weakest in decades.
Filed under: International News
December 5, 2008
By Mark Potter
“I’m going to spend less this Christmas. More for the children; less for the adults,” said the retired nurse, bustling empty-handed through the granite and marble splendour of Europe’s newest, and most luxurious, shopping mall. “People aren’t spending. People have lost confidence and they are really saving their money.”
Filed under: Retail
Retailers and the leisure industry are planning to tempt consumers to spend with festive giveaways in a bid to win them over as the economic slowdown begins to bite.
