What credit crunch?
It's hard to avoid the doom and gloom at the moment.
A stroll around Liverpool One, Church
Street and Bold Street, however, would have you thinking otherwise.
Saturday afternoon was glorious and the city centre was packed with
shoppers laden with bags.
At first I assumed it was young people with their large disposable
incomes, unaffected by mortgage prices or rising domestic bills. I
was wrong - there were families and couples carrying more bags than
their arms could hold.
This begs the question, where is everyone getting the money from? I
can count myself as an exception as I have no dependants, no
mortgage and no massively destructive domestic bills. I consider my
shopping through the credit crunch a selfless act designed to keep
our economy afloat. I thought that others, especially families,
would have been a lot more sensible, however.
Recent sales figures suggest differently - Liverpool's Metquarter has noticed its trading
figures steadily increase. It recorded an average footfall increase
of almost 20% over the first two quarters, significantly
out-performing the national average and leading to a like-for-like
sales growth of 15%.
They have also recently welcomed on board a new independent
lingerie boutique called Secret Drawer, owned by local entrepreneur
Leona Nicholas, which opens for trading at the Metquarter in late
September.
In a final show of resilience against the UK's economic
downturn, customer demand has led to all stores now opening at
9.30am.
I put the access to cash down to my friend the credit card - no
matter how strapped you are you can always rely on your plastic to
save you. Whether it's a new pair of heels you don't need
or you 9th pair of jeans that you will never get round
to wearing.
The temptation in Liverpool at present is just too
much - there are so many great stores just waiting to be shopped
in.
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