Fascinating stuff from Stuart Rose yesterday on the Marks slump.... people changing the way they shop. Fewer journeys to stores. More visits to local stores. Rejecting out of town shopping. And overpriced and overprepared M and S food. And there seems to be much less traffic on London streets -- I have managed to ride to work and not have to stop at Great George Street which normally only happens in the school holidays.
And on the TV they are just saying that Starbucks is cutting 12000 jobs in the US and cutting 600 outlets. Need to start monitoring that too.
Having to chop your own vegetables.. and make do with a bit less caffeine (not sure how much there is in a Starbucks coffee anyway) hardly seems the equivalent of the Irish potato famine. Which points to the need to make sure that wallowing in our own recession gloom does not make us forget where the real impacts of the food/ oil price hikes are being felt.
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