CITY VIEWS: WILL RETAILERS SEE LOWER SALES THIS CHRISTMAS?

PAUL CLAYTON | JRP UNDERWRITING
“There must be a lot of pressure on people this Christmas, but personally this won’t affect what I buy. There is no doubt the retail industry is suffering, though.”

PETER GODFREY | LLOYD’S OF LONDON
“People will always try to find spare cash over Christmas, but with the state the economy is in I think small retailers will suffer. I am worried about independent shops.”

JACKSON SMITH | ROYAL BANK OF CANADA
“When you have a family and kids it is not always easy to cut down: you don’t want to let them down. Not everyone is suffering, but for those who are things have to get worse before they get better. People who can’t afford to spend how they usually would should will cut back.”