Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

PREMIUM NEWS ARCHIVE

It's spend, spend, spend as shoppers ignore the credit crunch.(News)

Article from: Western Mail (Cardiff, Wales) Article date: November 26, 2007

Byline: By Steffan Rhys and David Williamson Western Mail

Welsh shoppers have been accused of ignoring the credit crunch and developing a debt mindset as figures out today predict they will splurge not save this Christmas.

Consumer debt has almost doubled within seven years, with each adult now owing an average pounds 33,000 compared to pounds 17,000 in 2000, new research shows. And less is being paid back that at any time since the millennium.

But a British Retail Consortium report released today says overall sales of ...

Read full article   (with a Free Trial at HighBeam Research)
Newser gathers stories from across the web and packs what you need to know into about 120 words. Check out these stories related to your search.
Visit our grid for the latest news.

Related Newser Stories

Credit Crunch Doesn't Dampen Retail Numbers

Luxury, back-to-school shoppers drive August figures up

Sep 6, 07 3:09 PM CDT
(Newser) - Better-than-expected retail sales figures for August, which built on healthy back-to-school and luxury shopping, raised hopes today that turbulent markets won't take too big of a bite out of holiday-season sales. Wal-Mart and Target made out well, as did luxury emporiums such as Saks. "It bodes well for Christmas,... More »

MORE ABOUT:
retail • credit market • credit crisis • back to school • luxury • retail sales

 Neiman 'Fantasy Gift' 
 Pricetags Plummet  
 to Mere $250K 

Slowdown scales down costs as even super-rich turn 'frugal'

Oct 7, 09 3:39 AM CDT
(Newser) - The slowdown in luxury spending has spurred Neiman Marcus to make its "fantasy items" in this year's Christmas catalog a lot less fantastic than in years past. For the first time in a decade there's no $1 million-plus items on offer, like the $20 million submarine offered in 2000... More »

MORE ABOUT:
retail • luxury • Christmas • Neiman Marcus • gift • conspicuous consumption

 Your Lowly Penny 
 Can Actually Buy 
 Something 

Retailers lure back to school shoppers with 1¢ gimmick

Aug 19, 09 1:51 PM CDT
(Newser) - Retailers, scrambling to connect with the fragile consumer psyche, have turned to the lowly penny for a boost, offering everything from clothing to crayons for a single cent, the LA Times reports. Nearly taken out of circulation three years ago, the penny may be a lousy coin, but it’... More »

MORE ABOUT:
retail • Staples • promotion • back to school • sale • Wal-Mart • OfficeMax

 Lousy Retail Sales Will Delay Recovery

Recession isn't over
as far as consumers
are concerned

Aug 19, 09 8:38 AM CDT
(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with... More »

MORE ABOUT:
retail • recession • consumer spending • Home Depot • retail sales • Target • retail stores • economy • Saks • financial crisis • recession depression • retail sector