As the downturn began In July 2007, leading retailers Tesco and Wal-Mart "signalled a major shift in consumer priorities". And Tesco added a warning that "If you don't have the basic things right, you will be talking at the edge...
The combination of consumer environmentalism with retailer cost-cutting is having the expected major impact on the UK's use of plastic bags. All the big supermarkets have been running campaigns to reduce the use of these. Some, like Marks & Spencer,...
The current recession is the blog's fourth, after those of the mid-1970s, and early 1980's and 1990's. It is, however, already different from these, as it is the only one which has led to comparisons being made with the 1930's...
The world's major retailers, particularly Wal-Mart and Tesco, keep a very close finger on the global economic pulse. They spotted looming recession 18 months ago - long before it became more widely apparent this year. Yesterday, Wal-Mart's UK head went...
A year ago, Tesco, the UK supermarket giant, were early to see problems ahead in consumer markets. Now, they see problems developing for corporate lending. Last week, Tesco paid €100m more than expected when borrowing €3bn. But Nick Mourtant, group...
The credit crunch began a year ago. At that time, the blog was very much in a minority when worrying that it might turn into something big enough to impact 'the real economy'. A year later, it is fascinating to...
Its now a year since the blog started. Since then, 213 postings have appeared. It is now read in 72 countries and 620 cities (shown above). Most encouragingly, readership continues to steadily increase. Since January, it has risen a...
Reports from leading retailers such as Wal-Mart and Tesco provide the best real-time insight into what is really happening in the wider economy. It is clear from both companies’ recent results that US and some other western consumer markets are...
Two of the largest US auto manufacturers, GM and Ford, have now followed Wal-Mart and Tesco’s lead in detecting a change in consumer sentiment. GM, after announcing particularly strong Q2 Asian and emerging market sales, added that US sales declined...
Consumer attitudes have shifted sharply in recent weeks. This could have big implications for chemical companies, and they need to respond quickly....
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