John Lewis has blamed the deepening credit crisis, or rather the coverage it is getting in the media, combined with unseasonably sunny weather for an 8.3% fall in sales for the week ending September 26.
Joy, the high street fashion and homewares chain which is parent company of the Hob cookshop and food stores, is the latest casualty of the economic downturn.
The David Shuttle cookshop is marking 10 years of trading in Princes Risborough this year, and held a black tie Caribbean Ball last Saturday to celebrate the milestone.
Cash-strapped shoppers are not only cutting back on buying premium-range food but sales of food in general are on the slide – and supermarkets are now devoting more space to non-food items such as homewares and electrical appliances.
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