Monday, 13 October 2008

With the 'man made' financial catastrophe well and truly kicking in, a number of the regions larger retailers are the latest to feel the pinch. 

When reading a local paper this morning I discovered that the biggest companies in the North-West have had their profit warnings doubled in the last 3 weeks.

Whilst reading the reports over the crisis in the last few weeks, I have tried to relate the information I've taken in, to the way the area around me is being run. 

Reports suggested last week that a huge restructure of Preston City Centre is likely to take place in the next two years with more and more shops and retailers being brought in. As a result of this, 3 of the cities nightclubs would be knocked down. 

Now although pubs and social venues all over the region have struggled through the Crunch with a number having to have closed down altogether in recent times, the three venues I have mentioned are popular, money making establishments.

This made me think that surely, at this particular time, the revamp of the city centre would only be a waste of time, space and money if the 'shopping' industry is the supposed next big struggler!.............


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