Wrong type of weather knocks high street

Really2

Graham_Devon wrote: »

It appears this is simply being ignored. Spending is down because people are reigning in spending!

OK graham, explain how you can prove that.

Then explain this.

http://www.metro.co.uk/news/877581-mini-heatwave-sees-577million-cash-withdrawn-on-single-day

The Link network said £577million was withdrawn on Friday – the highest daily total since last Christmas Eve.
Chief executive John Howells said: ‘The good weather seems to have encouraged people to withdraw cash for increased spending over an unusually sunny weekend.’
Link said the busiest time on Friday was just after midday, when workers would have gone to an ATM during their lunch hour.
Retail experts expressed fears last week that the unseasonal weather would deter shoppers from buying autumn and winter clothes.
But Mr Howells said the cash withdrawal showed ‘the right combination of feel-good factors can boost short-term spending and that cash is a very popular way of paying for these kinds of goods and services’.


Read more: http://www.metro.co.uk/news/877581-mini-heatwave-sees-577million-cash-withdrawn-on-single-day#ixzz1aOTD43Mh

Look forward to your October post on the boom and how people are increasing spending.

I get paid the last Friday of the month so do many others. That meant last year people were paid nearly a week earlier.
The above seems to discount that people are spending less, they seem to enjoyed the weather when they got paid.
4% can be made up of a lot of things my son was wearing his summer coat up until the middle of last week, how many other school kids were?

wotsthat

Graham_Devon wrote: »

It appears this is simply being ignored. Spending is down because people are reigning in spending!

The economy has the biggest effect on retail sales - who's ignoring it?

The second biggest effect is the weather - who's trying to ignore that?

HAMISH_MCTAVISH

Graham_Devon wrote: »

Just because people were not buying a coat, it does not mean they were not buying ice cream.

Last weekend I did not buy my wife the £150 coat and £80 winter boots she wants.

Last weekend I did buy my wife an Ice Cream for £2.50, and some sausages and beer for me for another tenner.

Really2

wotsthat wrote: »

The economy has the biggest effect on retail sales - who's ignoring it?

The second biggest effect is the weather - who's trying to ignore that?

You can't think more than one thing effect retail sales, madness.

The economy is poor, but why some argue the weather means nothing is beyond me.

Infact in times like now it most probably exaggerates the effect.

Jimmy_31

HAMISH_MCTAVISH wrote: »

And you did it repeatedly about the snow as well.

This glib attitude you have to weather related impacts just makes you look a bit silly. Anyone that works in any business which sells goods or services to the public knows full well how big an impact weather can have on sales.

Even the NHS uses weather to predict big changes in demand for services, as you should know.

I think you have completely missed the points of the thread hamish.

I took what graham said as somebody was trying to blame the weather for the crap sales figures, when in reality hardly anybody is going shopping any more because they are completely skint (my town centre is dead whatever the weather).

nearlynew

This all reminds me of two things ...

The HPI cheerleaders "discovering" the "spring bounce" about 3 years ago.
Before that, nobody mentioned it. House prices just went up, no matter what time of the year.

And around the same time, new buy-to-letters "discovering" something called yield once prices weren't rising.
Before that, they didn't have a clue.

shortchanged_2

Really2 wrote: »

You can't think more than one thing effect retail sales, madness.

The economy is poor, but why some argue the weather means nothing is beyond me.

Infact in times like now it most probably exaggerates the effect.

Maybe the highlighted part is true, but it just seems to be the excuse every month now for poor retail sales and I'm afraid that just doesn't wash.

Surely they should be saying retail sales were down last month due to an increase in redundancies, higher unemployment due to the private sector NOT taking up the slack, people not spending so much due to high inflation, high fuel prices and other economic uncertanties.

Really2

shortchanged wrote: »

Maybe the highlighted part is true, but it just seems to be the excuse every month now for poor retail sales and I'm afraid that just doesn't wash.

But why use if for an increase in april also????


Anyone care to explain why payday last month saw record cash withdrawls.

Seems like everyone want's to blame the economy but then ignore a massive indicator of spending for the start of October.

the 30th was the last friday of the month.

It is more than possible that people getting paid nearly a week later than this time last year and the hot end to the month caused a 4% drop.

Why the stress, if it was and it rises next month. Weather looks likely cause.
If they fall again, lets revisit it. It is only one months data.

Mallotum_X

Really2 wrote: »

Because it was hotter when it should be getting colder. Thus the items they sell when it gets colder did not sell (yet)

So had it been abnormally cold (not snow) you may have seen an increase in winter fashion etc.

So in April when people are thinking of it getting of it getting hotter sales jumped massively.

People were not going to get new summer gear in September.

Not that hard to work out surely, already said it about 3 times.;)

Only September wasnt really very hot was it, the heat wave was in October....

We had a couple of warm days at the end that had been widely forecast. Now this *may* have had some impact, extra sales of BBQ's, food, drink, days out etc and a few less winter coats bought (really?). Do you not think that the poor sales figures for the entire month might be down more to something else than a widely forecast sunny couple of days.

Sometimes it is worth questioning what you are fed, sometimes it doesnt always totally add up...

shortchanged_2

I think what some people are getting at Really2 is that it is used nearly all the time for poor sales.

Why don't they give other reasons or are they just turning a blind eye, because the weather is not the only factor which affects retail sales. Although you would think it is by the way the BDO and others go on about it.