London shoppers in high street stay-away


London shoppers in high street stay-away
Annual growth in London's retail sales suffered during April, the latest figures have suggested.

A new survey says that last month shoppers spent 4.5 per cent more in central London compared to a year earlier.

But the London Retail Consortium (LRC), which conducted the research, notes that in 2006 April's retail figures in the capital were up 11.9 per cent on the corresponding month a year previously.

Last month's dip comes about despite warm sunny weather in the south-east of England, with the LRC attributing the drop in footfall to Easter falling in March in 2005 but April last year.

"This is a reasonable result bearing in mind the challenging comparatives with April 2006," said the trade association's director Kevin Hawkins.

"The declining rate of sales growth is in line with the UK trend but it should be noted that the increase of 4.5 per cent is the lowest reported figure since 2005. This suggests that the squeeze on household spending is getting tighter, which the recent hike in interest rates will aggravate."

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure