Wettest November hits sales on the high street
Friday 18 December 2009
UK retailers posted a surprise dip in sales in November, as the soggy but mild weather hit demand for winter clothing and falling food price inflation took the edge off grocers' figures.
Economists had been expecting sales volumes to rise between October and November, but they actually fell by 0.3 per cent, the Office of National Statistics revealed.
Richard Lowe, the head of retail and wholesale at Barclays, said: "The mild and wet weather in November seemed to dampen demand for winter clothing, although retailers of household goods continued to benefit from a growing appetite for big ticket items, ahead of the increase in VAT [to 17.5 per cent on 1 January 2010]."
The British Retail Consortium said the slowdown last month, which was the wettest November on record, was mainly due to food prices rising more slowly. Among general merchandise stores, non-specialist outlets suffered their biggest slump of 4.4 per cent since the ONS survey began in 1988. Textile, clothing and footwear shops declined by 1.8 per cent in November on the previous month.
But retail sales in November were actually up by 3.1 per cent when compared to the same month last year – in the midst of the banking crisis.
According to a separate CBI survey, a net balance of 13 per cent of retailers said that sales had risen over the year to 9 December. Retailers enjoyed a third consecutive month of sales growth in December, but they still forecast flat sales in 2010.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Why I'm on the brink of burning my Israeli passport
- 2 Comfortable in their own skin
- 3 Japanese plant experts produce 10,000 lettuce heads a day in LED-lit indoor farm
- 4 War is war: Why I stand with Israel
- 5 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
Israel-Gaza conflict: Death toll tops 125 after overnight raids as Operation Protective Edge continues
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: Pro-Palestinian demonstrators take to streets of London, Paris and New York in wave of protests
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...