Tough Christmas predicted by businessman and former head of the Barbados Chamber of Commerce and Industry Eddy Abed. (FP)
Businessman and former head of the Barbados Chamber of Commerce and Industry Eddy Abed is forecasting a hard Christmas for many retailers.
And Abed has pointed to Government’s ongoing retrenchment exercise as the cause of this season slowdown.
“It’s been a very difficult Christmas up until now and I don’t expect much change going into the end of the year,” Abed told the Saturday Sun earlier this week from Abed’s Swan Street, Bridgetown branch.
“I think we will see a last-minute rush. I think we will see some discounting in the marketplace because there are many retailers who are sitting on inventory that needs to move. But it’s a sign of the times,” he added.
Since Government began its retrenchment two months ago, over 1 000 civil servants have gone home. (AD)
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