Meet the new year, same as the old year. Many Christmas updates so far have reflected a tough end to 2019, which during its course took toughness to levels Tyson Fury would be proud of.
And it looks as if 2020 could be another punishing round in the ring for the retail industry, judging by some of the January trading statements.
One of the Christmas winners, Next chief executive Lord Wolfson, sees no reason to expect any sudden change in consumer behaviour.
He told Retail Week that headlines about Brexit-related uncertainty last year made little difference to spending patterns and does not anticipate much change now that the clouds are clearing.
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