PRINT THIS PAGE Retail - Boom or Bust in 2003
31/03/2003. Source:Seymour Pierce Limited. Rhys Williams
A buoyant and investor friendly UK retail sector looks set to repeat last year's robust performance says Rhys Williams of Seymour Pierce. But there are a few storm clouds on the horizon. Personal debt levels have risen in the UK, the housing market has softened and the war in Iraq will all serve to dampen consumer confidence. It is a dismal time for some of the market sectors most familiar to the private equity industry. Telecoms, technology firms and financial services are all reporting miserable growth figures. And yet retail sales have defied expert predictions by continuing to rise post Christmas 2002 with estimated growth for the year in the region of 3.5 per cent.
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