Retail sales at four year low

February 16, 2007

Retail sales dropped at their sharpest rate in four years in January, despite heavy discounting in many stores.

Sales fell 1.8% during the month, although they were up 3.3% on the year, the Office for National Statistics (ONS) reported.

Among the worst-hit areas on the High Street were household goods shops and clothing stores.

The weaker January sales came despite prices in stores being on average 0.4% lower than a year ago, the ONS said.

BBC NEWS | Business | Sales fail to lift UK High Street


Confidence near three-year low

December 29, 2005

Consumer confidence fell in December to its lowest level since the start of the Iraq war more than two years ago, a survey showed on Thursday.

Consultancy GfK NOP said its barometer of consumer sentiment fell to -9 in December after a reading of -8 in November. That was the lowest point since March 2003 and confounded analysts’ predictions of a rise to -6.

“At the headline level at least, this release does not paint a very bright picture of conditions in the consumer sector,” said George Johns, economist at Barclays Capital.

Latest Business News and Financial Information | Reuters.co.uk


Shoppers fail to deliver late boost for high street

December 27, 2005

CHRISTMAS EVE failed to deliver a last-minute reprieve for retailers this year. Although it fell on a Saturday, the number of shoppers on the high street was reported to be 18 per cent down compared with Christmas Eve last year.

The much-anticipated final dash to the high street did not materialise, according to figures from FootFall, which found that shoppers instead had opted to shop for last-minute gifts on Friday.

 

The market-tracking agency said that Friday had turned out to be “boom day�?, in contrast with the performance on Saturday, when the number of shoppers was down 15.4 per cent on the previous week.

Retailing, retail news, Times Online


Shopper numbers fall

November 29, 2005

A trillion pounds of consumer debt and soaring household bills have shrunk spending power, forcing retailers to go on the price offensive in a quarter when many make the bulk of their annual profits.

Latest Business News and Financial Information | Reuters.co.uk