A better than  Fut coins    hoped-for December closed a relentlessly  http://www.fifacoinsltd.com/    tough year for retailers, but these figures hinged on a dazzling last pre-Christmas week and were boosted by some major one-off factors, Stephen Robertson, Director General, British Retail Consortium. We're not witnessing any fundamental change in customers' circumstances.

The comparison is with severe snow disruption a year ago. Discounting was deeper and started earlier and the vital Saturday Christmas-Eve added another big trading day to the final run-up. Post-Christmas offers brought large numbers of shoppers out but that was generally a short-lived hunt for bargains. With discounting driving sales at the expense of margins the key question for retailers is about earnings from those sales.

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