Retail sales fell in August says BRC

06 September, 2011

UK retail sales fell 0.6% on a like-for-like basis in August, according to the British Retail Consortium.

On a total basis, sales were up 1.5% on August 2010, when sales were 2.8% ahead of August 2009.

BRC director general Stephen Robertson said: “The retail sector’s performance has been essentially flat, particularly bearing in mind the increase in VAT which will be responsible for some of the growth in spending.

“The spell of hot weather at the start of the month was a boost for some retailers but it failed to last long enough to make a big impact.”

Robertson said the urban riots had not had a significant impact on sales.

“Poor consumer confidence, high inflation and the ongoing squeeze on personal finances remain the biggest threats to the retail sector,” he said.




Bookmark this


Site Search

COMMENT

Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter