Retail sales ease the gloom despite mixed picture on the high street
Tuesday 07 September 2010
A robust performance by footwear and clothing retailers helped UK high streets to register a modest rise in underlying sales in August – but furniture and flooring chains struggled.
Despite being compared with a lacklustre 0.1 per cent fall in like-for-like sales in August 2009, underlying like-for-like retail sales rose by only 1 per cent last month, the monthly survey by the British Retail Consortium (BRC) and KPMG found. That said, the figure was ahead of July's 0.5 per cent rise.
Helen Dickinson, head of retail at KPMG, said: "August 2009 was the worst month of the second half of last year, so this year's results are nothing to write home about."
Footwear sales improved "markedly" but women's and children's ranges sold better than men's, she said. In clothing, back-to-school campaigns and aggressive promotions boosted sales of childrenswear, while menswear shops fared better than womenswear stores. Total UK retail sales rose by 2.8 per cent.
The annual rate of sales growth in the grocery sector slowed in August. Joanne Denney-Finch, chief executive of the grocery trade body IGD, said: "Food inflation is in the headlines but the effects are not filtering through into sales."
Stephen Robertson, the director-general of the BRC, said renewed weakness in the housing market had hit the furniture and flooring trade in particular. He said: "The good news is sales are growing, but anxiety about job cuts and tax rises is putting people off making major spending commitments."
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Doctors remove 80 teeth from boy's jaw
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Germany and ECB set for fight over money-printing
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...