retail goes negative

lemonjelly

http://www.bbc.co.uk/news/business-14928454

ROFL at the pathetic excuse that the riots have caused the negative aspect.

IMO inflation will continue to be the biggest player - especially with EDF increasing one of their tariffs by over 15% today!:eek:

The eurozone is also forecast to come to a standstill...

Graham_Devon

Not in Aberdeen.

I heard Mr Todd from the newsagents on the corner of Blyn-ded Street sold an extra copy of the Gazette this week.

Mallotum_X

Surely the riots should have had a positive impact, all those Nike trainers from JD Sports being sold on ebay...

Poor excuse, if they are blaming riots for 'having an impact' they should quantify the impact

michaels

But there is always an excuse...

It is a tricky one - poor retail sales obviously equals weak economy but in reality a lot of the growth we saw in the years to 2007 was simply a case of living outside of our means so either we need to see disposable incomes rising rapidly (looks pretty unliekly) or retail sales declining - it is the flip side of the coin that says save more/borrow less.

Graham_Devon

I'm surprised there wasn't something in there about the rubbish weather we have had. I would assume not having a summer would have some kind of impact?

DervProf

Graham_Devon wrote: »

I'm surprised there wasn't something in there about the rubbish weather we have had. I would assume not having a summer would have some kind of impact?

I found summer to be quite pleasant this year. Not much rain. Not too hot. Rather pleasant actually. Mind you, the weather doesn't have any effect on my spending habits, as a majority of my shopping is done online.

Graham_Devon

DervProf wrote: »

I found summer to be quite pleasant this year. Not much rain. Not too hot. Rather pleasant actually. Mind you, the weather doesn't have any effect on my spending habits, as a majority of my shopping is done online.

I like to shop online too, but then if the breeze get's up a little, I tend to refrain.

michaels

Amateur...why on earth would you waste 2 excuses on one month?

Graham_Devon wrote: »

I'm surprised there wasn't something in there about the rubbish weather we have had. I would assume not having a summer would have some kind of impact?

Loughton_Monkey

Is the reduction in high street sales any surprise?

1. We continue to get poorer as a nation.
2. Most people are reigning in their credit.
3. Many people feel insecure and are saving money for the first time.
4. For the first time in 15 years, the Government is failing to shell out extra benefits, extra salaries on extra non-jobs created in the public sector.

So spending is showing signs of falling? Now that's a surprise. To anyone under the age of 10, that is!

lemonjelly

Absolutely Loughton. Problem is, we are supposed to be in a consumer spending led private sector style recovery!:eek:

Really2

No one notice the total value of sales increased by 4.7% though compared to the same month last year?

I would say the simple explanation is that people are doing less discretionary spending as the costs of goods have increased.


Gen was saying the riots would have some kind of effect on the figures, how quickly some are to scoff.