Winners & Loosers

It's a mix bag in the world of internet retail and the general economy.

Governments in UK & US are bailing out Banks left right and centre. Consumers are seeking to shift there savings whereever they can in the worry that money may be lost. The housing market is down over 12% and i seeing the most dramatical falls on record. No more is the word reccession on the card but also depression.

As for retail well, M&S are down 6.1% last quarter. Tesco lowest recorded profits, but on a positive note they have seen a 21% shift from high street to online. ASOS is the second most visited clothing site in the UK after Next and offers over 18,000 fashion items. As at 28 September, the e-retailer had 1.83 million registered users and 890,000 active customers, up from 490,000 last year. The e-retailer said sales for the six months to 30 September increased by 104%.

So the slowdown is here, but like always there are some winners but mostly loosers!