After the pre-Christmas upturn, we are now back to the reality of a tough, discount driven retail market.
More Quotes from 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
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.
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
I was in same situation last April at Clarks Hill. I was winning by 10 pounds on Saturday and had already won a boat. Then, instead of doing what the odds said to do, I went back and tried to catch another big fish and bombed out and lost the tournament. We tried very hard not to make the same mistake at Lake Murray.
Kevin Hawkins
As China remains the greatest hope for bringing unbeatable value to our high streets, we trust the EU will keep its word on defending the rights of consumers and not just a handful of uncompetitive European producers.
Kevin Hawkins
No one should be fooled into believing that the slight improvement relative to July indicates a change in trend. Any growth came from heavy discounting, which is not sustainable - especially as retailers' margins are already being squeezed by rising labour, property and energy costs. The underlying position is still weak and unlikely to improve unless and until there are further cuts in interest rates.
Kevin Hawkins
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