Bondeck’s Blog

Media maximises retailer misery (shock horror)

Several retail chains reported reduced profits this week (a whole 10% down on the same period last year).

So a 10% reduction in sales is the “armageddon” “meltdown” “financial implosion” that the media are hyping is it? I would have thought that given the extent of the credit crunch a 10% reduction isn’t exactly the end of capitalism as we know it. It must be tough when your net profit drops from 50 million to 45 million but I suspect most of these companies will survive!!

UK media – get a life……. please.

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This entry was posted on January 16, 2009 at 10:59 am and is filed under Gripes & whinges. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.