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.
More Quotes from 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
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
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
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
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