AUGUST TRADE NEWS

Bad weather blamed for shopping centre delay

Chester council  not supporting retailers

New rules 'won't help save retail centre'

Irish shoppers look abroad for bargains

British consumers spend more on beauty products

Yorkshire town gets behind plastic bag reduction scheme

Rising obesity prompts calls for VAT rule changes

eBay restructures fee scheme to make fixed-priced sales cheaper

Online sales boom despite slowdown

Music retailer goes out of business

Matalan named and shamed for how it treats wholesalers

BCC slams higher parking charges proposals

Booming wholesaler moves to new warehouse

Market traders told to only 'shout quietly'

London's retailers show growth despite gloom

Counterfeit goods dealer sentenced to prison

UK's smallest town protests supermarket plan

More retailers and wholesalers going out of business

Online retail sector predicted to expand rapidly

Henley retailers protest development plans

Retail sales continue to slow

Tiffany appeals US court's eBay ruling

Report criticises electricity suppliers' treatment of small businesses

MK retailers protest Tesco expansion plan

Yorkshire retailers protest supermarket move

Manchester wholesaler shut down over fraud worries

Businesses welcome plans to reduce red tape

Rate hold accepted by small businesses

Internet sales put pressure on the high street

Huge counterfeit goods haul in Somerset

Irish entrepreneur online retail plans

Wholesaler sector set to struggle

Staycations could help British retailers

Retailers 'gloomy' about economic outlook

Retailers report footfall continues to decline as consumers cut back

Hidden door reveals huge counterfeiting operation in Manchester shop

No recession for the UK this year

East London wholesaler goes into receivership

London mayor reveals plans to support small retailers

Toy retailers defy gloom

Retailers urged to embrace online sales

Trade News Archive August 08 July 08 June 08 May 08 April 08 March 08 February 08 January 08

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12th August 2008

Retail sales continue to slow

A new report has suggested that retail sales in the UK slumped even further in July.

The latest data from the British Retail Consortium (BRC) showed that like-for-like retail sales dropped 0.9 per cent last month when compared to July 2007.

This means that retail sales have been lower than a year ago in four of the last five months, the worst run since the summer of 2005.

According to the survey, the changeable weather during the month hit sales. It added that clearance events helped some retailers, but stressed that underlying trade remained tough - with many businesses having to offer heavy discounts to obtain sales.

In particular, the research showed that clothing, footwear, furniture and homeware retailers continued to feel the pressure.

"Frivolous shopping is off the agenda as most customers concentrate on value and durability and there are few signs the slowdown has yet bottomed out," commented Stephen Robertson, the director general at the BRC.

Helen Dickinson, the head of retail at KPMG, added: "The non-food sector contracted for the second month in a row.

"The furniture and home-related sectors continue to bear the brunt of falling consumer confidence and increasing demands on household budgets."

 

 

(c) 2008 Adfero Ltd.


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