Rose and Green quash talk on green shoots of 回復

By Neil Craven for The Mail on Sunday
Updated: 22:00 BST, 19 September 2009

Two of the 最高の，を越す 人物／姿／数字s in 小売 have 警告するd against the runaway 楽観主義 gripping the nation as talk of 経済的な 回復 増大するs.

In a sombre speech on Thursday to a 会議／協議会 in Northern Ireland, 示すs & Spencer chairman and 長，指導者 (n)役員／(a)執行力のある Sir Stuart Rose 警告するd: 'There are 絶対 no green shoots. I have not seen them and we all need to 兵士 on.'

He 追加するd: 'The 後退，不況 （機の）カム 急速な／放蕩な, it （機の）カム 深い, it （機の）カム globally. It will favour those who are strong, nimble and bold. It will punish those who are weak and feeble.'

WARNING:? Sir Phillip Green and Sir Stuart Rose have 警告するd against 存在 極端に 楽観的な about the 明言する／公表する of the economy

Rose is 予定 to 現在の a three-月毎の 貿易（する）ing 声明 to the City in two weeks and his comments will be read by some as a 調印する that a 回復 in sales is still some way off.

Commentators have been encouraged by a 急に上がるing FTSE 100 and 調印するs of 回復 in the 住宅 market. Many retailers said the summer was not as bad as they had 恐れるd, helped by an 早期に （一定の）期間 of good 天候.

But others have 警告するd 財政上の Mail that the challenging 条件s for 小売 are ありそうもない to 緩和する - and may even get worse.

Bhs and Topshop owner Sir Philip Green said: 'The market place remains 極端に challenging. It's far too 早期に to call a 回復.'

He 追加するd that any 示すd 改良 over the next six weeks could be illusory. Growth in September and October may appear to 改善する はっきりと because of the 類似の 証拠不十分 last year 予定 to the shock to 消費者 信用／信任 に引き続いて the 崩壊（する） of Lehman's bank and その後の events.

'With 付加価値税 going 支援する up after Christmas, 失業 still rising and 付加 率s costs next year, challenging times certainly remain with us,' he said.