Easter this year isn't in March, it's in April, so we always knew that March would be a minus figure. If you allow for the fact that is Easter is normally worth about 1 to 1 12 percentage points, then the underlying trend is flat and we expect that to continue.
More Quotes from Kevin Hawkins:
The volume of goods passing across high-street tills fell 1 per cent compared with a year ago, based on the same area of selling space. The British Retail Consortium said it was the eighth consecutive monthly fall and was driven by sharp declines in clothing and footwear and food sales. The underlying position is weak, ... Retailers margins are already being squeezed by rising labour, property and energy costs.Kevin Hawkins
The question now is whether some consumers will continue to stay away from central London and whether tourists will be deterred by the threat of further disruption,
Kevin Hawkins
After the pre-Christmas upturn, we are now back to the reality of a tough, discount driven retail market.
Kevin Hawkins
This is an impressive like-for-like figure and encouraging news for retailers in the capital, especially considering the severe and very worrying drop in sales seen in July through to October last year.
Kevin Hawkins
We did not expect any change in interest rates today from the Bank of England, although clearly a further reduction in the run-up to Christmas would have been helpful to both retailers and industry in general.
Kevin Hawkins
These results confirm unequivocally that retail price deflation continues, with price deflation across the board showing a month-on-month decline for the third time this year.
Kevin Hawkins
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