It’s been a mix bag of results for high street retailers with more evidence that top end retailers and the budget retailers are having a pretty good time of things with retailers that fall somewhere between these two camps having a much tougher time.
The casual dining sector is still growing and today’s announcement that TRG plans to open another 40 outlets plus a raft of other, recent positive news all confirming this?
Looking at our overall economy, projected growth of 2.6% really doesn’t look too bad compared to our European competitors, even the economic powerhouse that is Germany has recently posted some pretty gloomy manufacturing numbers. I’m not saying that everything is peachy in the UK but now that wages are starting to outstrip inflation there will hopefully be a feel good factor which has so far not been in evidence.
One final point, for all of the gloom and doom that there has been out there, if you have a good product which is sensibly priced, deliver good service in a decent environment then you have a pretty good chance of being successful.