Retail Sales Survey time
It's that time of year again when I have to fill in the retail sales survey and I'm afraid to say that once again I will be ticking the 'more than 5% increase' box. In a week where we have seen many large retail chains go under, Nigel Farage on Question Time has indicated that a further 140 chains are in financial difficulties, I find myself in the rather strange position of having delivered on the intentions I set forth, which can only mean that my analysis of the situation, the fundamental assumptions upon which I have operated and the decisions I have made have been entirely correct. So what is it that other local businesses have been missing, where have they been going wrong? The JEP offers a solution but I am afraid, that is no solution at all. The fundamental issue is that Jersey is simply not big enough a market to sustain a business. Think back a few decades and even before the invention of the computer Jersey businesses depended on overseas sales, for...