March retail sales down on last year

16-04-2009

March retail sales down on last year
UK retail sales figures fell 1.2 per cent during March compared to like-for-like figures last year, new figures show.

The drop is the ninth time in ten months sales figures were down on last year.

The British Retail Council and KPMG released the figures but admitted comparisons were problematic due to the unseasonable weather which battered the UK in March last year, and the fact that Easter fell in March in 2008, rather than April this year.

Total sales, which include new shops, increased by 0.6 per cent, and internet, mail-order and phone sales were 10.8 per cent up on March last year.

And food sales, clothing and footwear all showed signs of rallying despite the overall decline.

Stephen Robertson, director general of the British Retail Consortium, said: "A slight air of pre-spring optimism tempted customers to buy new-season clothing and women’s footwear.

"But this is unlikely to be the basis of sustained improvement. Customers are still worried about jobs and their own finances - so they’re keeping spending under tight control."

Helen Dickson, head of retail at KPMG, cautioned against long term predictions. She said: "We continue to see significant volatility in weekly and individual retailer performance, highlighting the need to remain cautious in drawing conclusions about the prospects for retail spending."

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us 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
Automotive
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
Legal
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
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure