From the Independent Newspaper (edited):
"THERE WAS once a time when the London New Year
sales all started on 1 January. Now, however,
fierce competition between retailers and fears of
an economic slowdown mean that prices are often
now slashed in the period before Christmas.
Market analysts say that over the past few years
consumers have left it later and later to start
their Christmas shopping, and, in reaction,
nervous retailers have moved their sales earlier
and earlier.
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"The analysts talk of the 'golden triangle'
months of November, December and January, when
retailers traditionally see a huge boom in sales
from Christmas shopping and new year
bargain-hunting. Some companies make between 40
and 60 per cent of their turnover from these
months alone."
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