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Garry Hogarth

Chief executive, Agent Provocateur

“I don’t see an end to recession coming in 2010. People will continue to spend at the value and premium ends of the market but the middle market will suffer. It’s especially tough for manufacturers at the moment and I think we could see a lot of retailers renegotiating their deals with suppliers in 2010. The factories in the Far East have really suffered because they don’t have these huge orders coming in from the US anymore so there are lots of great sourcing deals to be done out there for the likes of Debenhams and M&S, provided they cut out the middle men and go straight to the factories.”

Readers' comments (1)

  • I completely agree. People have borrowed and borrowed, and the statistics concerning morgages paid with credit cards are frightening. We're certainly not out of the woods yet. I believe there will be another dip, hurting all ends of the market, which will of course have a knock on effect to all manufacturers.

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