Retailers under pressure from internet

The FTSE All-Share Index has raced ahead in the past three years. The driving forces have been the Goldilocks combination of falling interest rates, benign inflation and solid, if moderate, economic growth. No wonder the market has moved ahead so strongly Of course, when interest rates fall, the operating costs of the typical UK household also fall (primarily in terms of reduced mortgage costs). Historically this additional 'pound in the pocket' has encouraged the consumer to spend One could be forgiven for thinking that this favourable backdrop had caused a boom in demand for the nation'...