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The Olympics bounce didn't materialize after all as an index of retail sales in the U.K. drops...

The Olympics bounce didn't materialize after all as an index of retail sales in the U.K. drops to its lowest level in four months. Even more alarming, the report from the Confederation of British Industry tips off that retailers expect business conditions to "deteriorate significantly" over the next three months with the weakest sentiment since February 2009 on display.
Comments (4)
  • youngman442002
    , contributor
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    It looked like to me you need to sell tickets first to get the people there...then the sales will happpen.....and the locals leave because of the hassle...
    23 Aug 2012, 07:20 AM Reply Like
  • davidingeorgia
    , contributor
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    As always, hosting the Olympics is sold to the public (the taxpayer) wherever they are being held as this magical thing that will provide a huge boost to the local economy (the same way more government spending is always marketed) and, as usual, it doesn't deliver much of anything other than a lot of big empty buildings that won't be in use within a few years and a huge bill that the taxpayers end up having to pay.
    23 Aug 2012, 07:43 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Some work....Atlanta and Salt Lake come to mind...Athens was a big failure...probably China....but that was an ad campaign anyway...like Berlin in 1938
    23 Aug 2012, 08:08 AM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    What statisticians seem to ignore is the fact that during the Olympics tourists stayed away. London was virtually impossible to get around and people who came where there to watch the Games - not shop. Some hotels say that they were as much as 50% down and many smaller shops wonder if they can recover because trade continues to be down. Londoners need the summer tourist trade. The Olympic Games was no substitute.
    23 Aug 2012, 08:56 AM Reply Like
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