Financial Times FT.com

UK retailers: Hidden costs of switching to a bargain basement

By Andrea Felsted

Published: April 17 2009 16:46 | Last updated: April 17 2009 16:46

Retailers are in the front line of the fight for survival in recession Britain, as consumers tighten purse strings. They risk having the wrong strategy in the face of the economic downturn.

Those offering cheap or discounted goods appear to be doing well.

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