Cash flow impact is causing consumers to reduce spending: US and UK retail sales in steep decline
United States Retail sales growth (%, QoQ growth) 10%
“For the first time in three years, total retail UK sales fell into negative territory.”
British Retail Consortium
US Nov. 2008
Source: US Census Bureau (until Nov. 2008) 7 GXC ConsumerOfTheFuture_BainStudyJanuary2009v2 This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent.