THERE has been plenty of talk in recent months about the future or not of the high street. The retail sector has been one of the hardest hit by recession and is only now starting to show the early signs of some kind of recovery.
Personal incomes have been impacted by the general freeze on wage settlements combined with big increases in energy bills, the price of fuel and the cost of basic foodstuffs.
The ongoing policy of keeping interest rates to a minimum and the fact that firms have kept salary settlements to a minimum has meant that level of redundancies and personal bankruptcies has not been as high as originally predicted.
But the general lack of confidence in the economy and an understandable caution to spend on big ticket items has meant that retail has struggled over the last five years and there have…