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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%

5

United Kingdom

“For the first time in three years, total retail UK sales fell into negative territory.”

0

British Retail Consortium

  • -

    5

1993

2001-2002

US Nov. 2008

Global Downturn

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.

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