Citing a new report about apparel retailers from Verdict,
Reuters notes that midmarket mass merchants
such as Marks & Spencer and Next are expected to
lose market share to niche merchants such as Boden as
shoppers become more selective.
“DSG International, the owner of Currys
and PC World, was at the centre of renewed concerns about
deteriorating credit conditions yesterday as a big insurer
reduced the cover it offers to guarantee that the electrical
retailer’s suppliers will be paid,” according to The Times.
An ad in which a child asks “Is the credit crunch a new
cereal?” is how one UK retailer is trying to encourage
consumers to keep spending in the current economy reports the
Wall Street Journal, which looks at how a
number of marketers are adopting.