Young Britain Goes to Topshop, Ignores Upcoming Decade of Penury
Retail magnate Philip Green has announced that young Britain’s unquenchable thirst for ever more cheap fashion is propping up his company. Speaking at the Arcadia annual results breakfast (insert muffin-top gag here), Green said Topman was the best performer, with sales up by a “double-digit” percentage (compared to a 2.8% fall in sales across the group).
So what are the kids up to? Well, according to this sage piece from Lucy Parsons in The Guardian, we’re trapped between the comfort of the last decade and the harsh financial realities of the future. We’ve no savings, are facing increasing unemployment and a heavy tax burden, and are poorly educated about the financial world. The credit crunch is going to be the end to free credit-based spending that so many young people have recently indulged in.
Green also admitted yesterday that not everyone was enamoured with Kate Moss’s arrival at Topshop. “Some people were split in the camp on whether it was a good or a bad idea”, he said at the Arcadia Group’s annual results breakfast. Hmm, wonder whether that could be Jane Shepherdson, who left Topshop just after La Moss arrived?
Posted by Ben Beaumont-Thomas in Hot Money | October 22, 2008 2:35PM |
October 22nd, 2008 at 6:49 pm
Jeez, that bloke is a class A prick. Him and Moss-side should bugger off to land far, far away. Heck, Moss only knows life on her knees, so spending the rest of her overrated existence gratifying that plonker should be right up her street!