Sir Terry Leahy, chief executive of Tesco, told attendees at the first World Retail Congress in Barcelona last week that there are seven trends he believes will have a swift and dramatic impact on retailing either presently and/or in the near future. "Just as the opportunities for businesses, which get it right, are greater than ever before, so the penalties for those who get it wrong are equally dramatic," he said. What is your reaction to Sir Terry's assessments?

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