“Consumer confidence is the lowest we’ve seen in over three decades,” says boss of the Mouse House, Robert Iger. But revenue is growing and profits (though down on last year) are an impressive £485m at Disney. The firm has seen hotel bookings fall and is finding it harder to get top dollar from advertising on its TV channel: Disney owns the ESPN and ABC television networks as well as theme parks and resorts. It also owns High School Musical, which, as anyone aged 12 will tell you, is the most important thing on the planet right now.
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It’s fair to say that a push down the stairs may be the best present some retailers get this Christmas. Nevertheless, next week sees the opening of Europe’s largest shopping centre:
The economy may be flat, but good old
You wait all year for
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