BARGAIN HUNT; Shops swamped in last minute dash for gifts.Byline: BY EMILY NASH Nash , Ogden 1902-1971. American writer known for his droll epigrammatic verse, much of which appeared in the New Yorker. Noun 1. Nash - United States writer noted for his droll epigrams (1902-1971) Ogden Nash SHOPPERS finally went crazy for Christmas yesterday in the hunt for last-minute bargains. Stores battled to boost sales by slashing prices up to 70 per cent. One analyst said shoppers were up 7.1 per cent on the same period in 2007. Capital Shopping Centres A shopping centre management company, Capital Shopping Centres own several shopping centres in the UK
It said: "Customers were trying to find bargains for Wiis, laptops and cameras." Around 600,000 people visited the West End in London on Saturday alone - up 17.9 per cent on 2007. Selfridges said it was "one of the busiest weekends of 2008". The Retail Consortium said discounts and the VAT and rate cuts helped shoppers overcome credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. fears. But Bruno Rost, of Experian, said shopper numbers were down overall on 2007, despite increases over the weekend. He said: "On Monday, we were six per cent down, Wednesday nine per cent, on Friday 12 per cent down. "There is a lot less money going through tills." Sainsbury's, Asda and Tesco have also said most stores will open 24 hours from Monday until Christmas Eve. CAPTION(S): CROWDS London's Oxford St |
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