Biggest fall in UK shopping thanks to warm weather

14 October 2014

shoppers Reports are saying that we're currently looking at the weakest performing high street since the worst bits of the 2008-09 recession.

An unusually warm September was blamed on all this, even though they would've blamed it on wet weather if that was around. Basically, people don't know why we're not shopping as much as we used to. Maybe its because we're skint?

The British Retail Consortium said that the year-on-year drop in consumer spending was the most pronounced since December 2008, but said that there is some comfort to be taken from the fact that spending on big-ticket items such as furniture continued to be strong.

Helen Dickinson, the director general of the British Retail Consortium, said: “In September, we saw the lowest retail sales figures since December 2008, excluding Easter distortions. This can be attributed to a number of factors including the continuing decline in food sales."

"Furthermore, there was exceptionally low demand for items such as boots and coats, resulting in the lowest fashion sales performance since April 2012. However, demand for big-ticket items continues to be strong, with furniture outperforming all other categories.”

David McCorquodale, head of retail at KPMG, said: "After a bumper summer, this is a disappointing outcome for retailers and has undoubtedly reversed some of the sales gains made in August. However, if temperatures drop to a more seasonal level this cooler weather will quickly turn around retailers’ fortunes and help them to sell their autumn-winter ranges."

"The grocers had another challenging month, with further price cuts and promotions announced by most. With a rebasing of margins in the grocery sector throughout the year, this final quarter will see sales go to those who are most focused on their customers.”

TOPICS:   High Street News   Banking

What do you think?

Connect with Facebook, Twitter, or just enter your email to sign in and comment.

Your comment