Sunday, February 17, 2008

Pessimism Rises Among Swedish Store Owners

Confidence in the development of retail sales is at a record low among Sweden’s merchants. “The public debate about a possible economic slow down presumably plays a major role in the panel’s view of the business environment,” said Swedish Trade Federation vice president Yvonne Ingman in a statement. According to the barometer, merchants believe that jewelry, electronics, and furniture stores will be hit hardest by an economic downturn.

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