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Retailers were in the spotlight, with poor Christmas trading updates from Tesco, Morrisons, and Mothercare among others.
Poor Christmas trading capped a string of disappointing results to force out Gormley's predecessor, Steve Lewis, last year.
The news follows a string of poor Christmas trading figures from high street stalwarts such as Debenhams, M&S, Tesco and Morrisons.
B&Q owner Kingfisher has been caught up in the general concern about poor Christmas trading, and the effect of hefty discounting on retailers' margins.
January 2012: Tesco's first profit warning in almost 20 years after poor Christmas trading as it finds itself squeezed by discounters Aldi and Lidl and upmarket Waitrose and Marks & Spencer.
The current economic climate and poor Christmas trading only compound this structural challenge and it is difficult to see how Hornby products can operate as more than collectible or niche items, outside the mainstream, going forward.
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Readers offered their thoughts on HMV's business model after it was announced the entertainment chain is in talks with banks after poor pre-Christmas trading.
Maybe it was the poor kid in "A Christmas Story".
The market will experience unexpected sales patterns as it matures – already we see stronger sales of digital content in the summer before the holidays, with Christmas a poor period for digital sales as customers switch their personal buying to gift purchases.
Her parents were devoutly Catholic and profoundly poor, so her early Christmas celebrations entailed little out of the ordinary besides extra Masses.
The famous child in A Christmas Carol is poor "Tiny" Tim Cratchit but there are two others.
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