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ANALYST VIEWS: IS THE HIGH STREET CRISIS OVER?

TONY SHIRET | CREDIT SUISSE RETAIL
"Home Retail Group’s results were pretty poor. They were worse than expected but we had been forewarned about that. Overall sales should improve but recovery in sales are more likely in 2011 and 2012."

SAM HART | CHARLES STANLEY RETAIL
"The Morrisons results were bang in line with expectations. Morrisons continues to lead the industry with sales growth and profit growth. The retail sector has held up much better than anyone anticipated."

RICHARD HUNTER | HARGREAVES LANSDOWN RETAIL
"We had very good figures from Morrisons. The company still has a very good balance sheet. John Lewis has come out with some reasonable figures and Home Retail Group’s figures show a competitive environment."