Exact(6)
"James warned, however, that the second half of the year was likely to prove more challenging overall amid a weak consumer backdrop".
Debenhams sounded a cautious note in advance of the key Christmas trading period and predicted a tough consumer backdrop for 2014.
Its chief executive, Marc Bolland, blamed the setback on a "challenging consumer backdrop": "The UK looks completely different than it did 18 months ago.
We expect like for like sales to remain muted owing to a tough consumer backdrop and the lack of an ecommerce offer, however we have raised them slightly versus easy comparisons.
The annual Review of Football Finance by Deloitte, the business advisory firm, found that the tighter consumer backdrop had yet to filter through to the "big five" European leagues: the English Premier League, Ligue 1 in France, the Bundesliga in Germany, Serie A in Italy and La Liga of Spain.
James warned, however, that the second half of the year was likely to prove more challenging overall amid a weak consumer backdrop and as the benefits reaped after the collapse of the rival company Comet at the end of 2012 made for a difficult comparative period.
Similar(54)
But even against this backdrop, consumer prices remained relatively well behaved, the Fed said.
Against that backdrop, consumers will not be able to propel the economy forward.
Driving the consolidation push is an effort by both companies to cut costs as tariffs on imports from China could eat into their margins or force them to raise prices for consumers against a backdrop of increasing competition from a number of different vendors.
Some surveys have pointed to lower consumer confidence against the backdrop of a global slowdown and in anticipation of next month's EU referendum.
But if the Fed continues cutting rates, generally an impetus for consumer spending, then the backdrop should improve for retailers, right?
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