Wednesday, January 28, 2009

Big Cake

The UK is entering an economic recession at the moment, triggered
by the global 'credit crunch'. Some famous supermarkets have gone bankrupt in the past few months, for example Woolworths.
This means that UK supermarkets are contracting rather than expanding into new markets. I guess the UK will be unable to challenge Wal-Mart or Carrefour in China for the next few years at least.

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