Page 4 - HGR July + Aug
P. 4


             CARRY ON                                                                           Home Goods Retailer
                                                                                  HGR Team
Dear oh dear! The depressing news never ends. However in some form of de-
fensive mode, consumers seem to have switched off more or less completely              Publisher and Editor-in-chief
and have become virtually desensitized to the torrent of bad news. And it                      Contact: Ian Hughes
has been a torrent. Scarcely a day goes by without the next grisly installment
generated by the Zuptas and the consequences have been clear for all to see            Tel: 010 900 3143 | 082 553 8154
as this once proud African economy has ben reduced to junk status.Further-                    E-mail:
more, unemployment figures have risen to levels which in a ‘normal’ society
would have seen riots and an armoured police response.                                  National Sales & Marketing
                                                                                             Contact: Roger Callighan
  This is not to say that that might not yet happen. Compounding it all is our                   Tel: 079 102 3247
sense of helplessness. The reeking stench of malfeasance, corruption and
blatant crookedness pervades our public spaces and yet the justice system                     Contact: Pippa Hughes
seems paralysed, unable to respond. So we have reason to feel betrayed,                          Tel: 082 552 2675
frightened and compromised. In our industry, this massive consumer durable
industry which is one of the most reliable barometers of consumer confi-                     Admin & Accounts
dence, signals remain contradictory.                                                          Contact: Pippa Hughes

  Year on year retail sales increased by 2.9%. And that despite us being in a                    Tel: 082 552 2675
technical recession with Moody’s warning that Government cannot keep bail-
ing out our dysfunctional SOE’s and making up Budget shortfalls. That cannot                         Design
be sustained. Nevertheless consumers are slowly prising themselves out of                   Contact: Taryn Haley (9IT)
debt – from 80% of income to 73.2 – in the first year quarter. They are learning
caution. And our retailers, with very few options available to them, are once                    Tel: 071 602 4553
again proving that they are among the most resourceful, resilient and tough-                 E-Mail:
est on the planet.
                                                                                  Copyright on all editorial in Home Goods
                                      Ian Hughes                                  Retailer is owned by the publisher and
                                                                                  reproduction without permission is
                                                                                  prohibited. The opinions expressed in
                                                                                  Home Goods Retailer are not neces-
                                                                                  sarily the views held by the editor or
                                                                                  publisher. We reserve the right to edit
                                                                                  – for purposes of space and clarity – all
                                                                                  editorial material and letters submitted
                                                                                  for publication.

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