Chainbow: Retailers to have bumpy ride in 2012

03 January 2012

Written by Simon Whittaker

Many retailers will have a difficult time in the immediate future.

This is according to Chainbow chairman Roger Southam, who said the sector "could be in for a bumpy ride, depending on the Christmas figures".

People who have taken out mortgages for business in this industry could expect problems during 2012, as the expert noted Blacks and JJB have already issued profit warnings.

Holders of industrial or office space will be impacted by interest rates, as well as how firms in these industries are able to "shore themselves and grow forward" during a troubling economic climate, he predicted.

However, Mr Southam argued London is immune from this, as it is a "global city" and appears to have "its own kind of bubble around it".

White City, Marylebone and Hammersmith were recently highlighted by the expert as areas of London that are likely to experience a growth in property values during the next five years.