We were too busy watching the Olympics to go shopping

There was a surprise fall in retail sales in August as we turned into a nation of couch potatoes and just watched events unfold in London. According to the British Retail Consortium, retail sales fell by 0.4% on a like-for-like basis from the same month in 2011. The only good note was that there was a slight increase in spending … Continue reading

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Slump in UK retail sales

There was a surprising fall of 1.4% in retail sales in May. There had been a rise of 1.1% in April, but the Office for National Statistics put that down to a combination of the royal wedding and the number of Bank holidays added to the fine weather. But, the fall during May was the steepest since January 2010, and … Continue reading

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Is the jump in retail sales merely an illusion?

The volume of retail sales rose by 1.9% in January compared to the previous month, according to the Office for National Statistics (ONS). This was after the December figure was revised downwards from an earlier estimate of a fall of 0.8% to a corrected figure of minus 1.4%. This was the biggest December fall since records began. When we examine … Continue reading

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Retail sales fall in December

Retail sales volumes fell by 0.8% in December. This meant there was no change in retail sales compared to December 2009 and this was the worst December figure on record. Food stores saw a fall of 3.4% on an annual basis, which is the lowest figure since records began in 1988. Non-food stores performed better, with an annual rise of … Continue reading

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So where are we now?

The dust has started to settle after the draconian cuts put forward by the Chancellor, George Osborne, last week, as he put forward plans to cut government spending by £81 billion over the next four years. Was he right to make cuts of this magnitude? The UK borrowing figures last week might suggest that he was. The figures show that … Continue reading

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Sharp fall in retail sales

Retail sales volume fell by 1.8% between December 2009 and January 2010. This represents the largest decrease in a single month since June 2008 when it was 2.5%. Stores which predominantly sell food showed a fall of 2.4%, whilst predominantly non-food stores showed zero growth. Within this latter category, there was an increase in textile, clothing and footwear stores of … Continue reading

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Retail sales rise in March

Annual growth in total retail sales volume for March showed a somewhat modest increase of 1.5%, and this was mainly due to a 1.3% increase in stores which mainly sell food. Between February and March 2009 there was a 0.3% increase which was driven by increases across most retail sectors, with the exception of household good stores and other non-food … Continue reading

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Sharp fall in retail sales last month

Retail sales volume fell by 1.9% between January and February . On a year-on-year basis sales grew by 0.4% but this was the slowest pace of growth for 14 years. There was a mixed picture depending on the type of shop. For example, over the past 12 months non-specialist stores showed a decrease of 5.2% but shops that were predominantly … Continue reading

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