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New visions challenge gloomy forecasts: with the retail sector approaching 2003 with caution, indie chains challenging the status quo and non-music sales a vital factor in the bottom line, the High Street considers new approaches and a challenge from the internet. (future retail).

Music Week

| January 11, 2003 | Woods, Adam | COPYRIGHT 2003 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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