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Lunn Poly in risky move

THOMSON
has made the controversial move to introduce nil deposits at all Lunn Poly
outlets as operators step up offers to stimulate demand.

Lunn
Poly’s decision to step up its regional nil deposit offer is seen as risky
because of potential cancellations and more stock being left to sell in the
lates market.

But TUI UK retail director John McEwan defended the
offer, which has a deadline for payments by mid-March.

As
the market shows signs of a pick-up, operators reported better sales in the midlands
and north than in the south.

Overall the market is still trading 15%-16% down for
January.

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