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,
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
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
A very useful increase in customer footfall in Central London has helped to generate this exceptional rate of growth. This in turn reflects the ongoing recovery from the events of last July which retailers will be doing their best to sustain.
Kevin Hawkins
We keep asking the bank where they think this growth is going to come from. With people increasingly worried about rising household bills, unless there is some stimulus from the bank itself, we are not going to see any substantial growth.
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
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