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The last decade saw a retail boom. But the party's now well and truly over. It's time to count the cost and do the clearing up. To say that the next ten years will be testing for the retail industry and its business model is an understatement. In A Perfect Storm? Part Eight of Retail 2020, we put the changes likely to affect the retail sector within the larger, global macro-economic context. We consider the impact of a rising cost base running alongside low GDP growth, increased operational charges, and persistent structural problems: unemployment, private and public debt, the return of the pensions crisis, and ecological and energy issues. And these problems won't just be limited to the West: expanding eastwards may not lead to the promised land.
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08 November 2011