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When Prime Minister Tony Blair offered his gloomy New Year's Day prediction last week, many in retail would have hoped to cast him as a Michael Fish for 2003.
While that may be a signal of excessive optimism from many in the general retail sector, music and entertainment dealers have genuine reason to lace their caution with optimism, following a Christmas season which provided a strong end to 2002, after a flat-to-good first 11 months.
The CBI last Thursday declared Christmas as a disappointment for general retail, and analysts predict a significant fall-off in spending in the coming months as the UK comes to terms with credit card debt, a looming ...