Tuesday, 21 September 2010

Retail sales in the UK see first drop since January this year.

While John Lewis may have seen some positive figures as their profits rise by 28%, threats to the retail market are still looming. Chariman of the John Lewis Partnership, Charlie Mayfield warned there may be trouble ahead in the retail sector as public spending cuts and tax rises are still to come.

This comes just as the retail sector as a whole sees a surprise fall in sales after six months of growth within high street growth. Despite the difficult economic climate, UK shoppers have been surprisingly resilient in terms of high street spending until now.

Top economist at HIS Global Insight, Howard Archer, told Sky News: “The unexpected 0.5% fall in retail sales in August is a nasty shock and deals a significant blow to growth hopes.” It is thought that a combination of job loss worries and the intended VAT hike in January are causing shoppers to be more conscious of their spending.

The latest Plimsoll Analysis - Retailers, analysing the performance of the UK's top 500 Retailers shows that 139 are already in financial difficulty and likely to be the next High Street failure. Click here to find out who they are

9 comments:


  1. نقل عفش داخل جدة نقل عفش داخل جدة
    دينا نقل عفش جدة دينا نقل عفش جدة
    افضل نقل عفش من جدة الى الرياض افضل نقل عفش من جدة الى الرياض

    ReplyDelete
  2. It is important for medical science research paper service students to seek Medical Science Assignment Help from a reputable custom medical science writing company so as to be assured of good grades in their medical science essay writing services.

    ReplyDelete
  3. Moreover, a website should have a professional look as it gains the trust of clients at large. Lastly, you should also take note of whether the agency offers proofreading services or not. If it’s mentioned on the website, you can bet on them.

    ReplyDelete
  4. I want to pay my gratitude to you for sharing such an exciting and informative blog. Now, I would like to induce your attention to one of the leading mobile app development company . which excels in providing a wide range of Android and iOS app development services at an affordable cost.

    ReplyDelete
  5. As an information point view your post really awesome. I really appreciate your hard working and post as well. Keep it up.

    Lip Filler dubai

    ReplyDelete
  6. I will also try to contact the admin to check their products because you have shared good news about the low prices of every goods. dissertation writing services

    ReplyDelete