Increased domestic retail competition The increase in retail competition is, in many ways, a welcome development. It means lower prices and more selection for consumers. And if retail margins are holding up, which they appear to be, it also suggests that retailers are more productive, which increases real incomes and living standards.
*  *  *  Welcome to the alumni from our Reuters journalism course of September 2005 and to other members of the media. We had promised to invite you back to check the progress.