The Wrong Type of Hard up Family Cause Retails Sales to Increase?

Really2

Sales were only down yesterday because hard up family could not spend.

But today it was revealed hard up family forgot they were hard up and caused sales to grow.
Must have been the wrong type of skint families again.;)

http://www.brc.org.uk/brc_news_detail.asp?id=2057&kCat=53&kData=2

UK retail sales values were 0.3% higher on a like-for-like basis from September 2010, when sales had risen 0.5%. On a total basis, sales were up 2.5%, against a 2.2% increase in September 2010.

Food sales growth was similar to that in July and August. Non-food sales improved a little but remained challenging. Homewares showed a modest uplift, though sales were still often deal-driven. Larger purchases in particular were hit by fragile consumer confidence and the weak housing market. Clothing sales dropped off sharply in the end-of-month heatwave.

Again weather is mentioned, how odd.

wotsthat

Well I was told categorically only yesterday on this very forum that people weren't spending because they were skint.

Apparently the weather is just a cover.

Mallotum_X

Presumamably they fixed the economy and everything is ok now.

WestonDave

If you read the article rather than selective quotes its not an optimistic picture. Inflation is the big factor in this - if prices are rising by 4% then anything under 4% in sales value growth means an effective reduction.

From the same article!

Spending growth is below inflation meaning customers are buying less than this time last year.

However, with consumers' incomes being squeezed from all sides, many shoppers continue to steer clear of big-ticket items.

"As we are entering the crucial season in the run-up to Christmas the outlook may be described as "hopeful" but that's as good as it gets I am afraid."

shortchanged_2

Fair play these people must think we're all mugs if we believe that there is growth in retail in these current market conditions.

Spin and bullsh*t springs to mind.

Really2

WestonDave wrote: »

If you read the article rather than selective quotes its not an optimistic picture. Inflation is the big factor in this - if prices are rising by 4% then anything under 4% in sales value growth means an effective reduction.

From the same article!

You avoided selective quotes well, almost.

The outlook is not brilliant, but I thought it interesting that sales were falling, and that was all down to people being skint.

Same survey, same type of reasons, yet this one is spin, even though that this one is compiled by KPMG!

I just thought it was a good example of people only believing what they wanted to believe.

nearlynew

More spin and bullsh1t.

Totally meaningless and not worth discussing.

I'm out.

Really2

nearlynew wrote: »

More spin and bullsh1t.

Totally meaningless and not worth discussing.

I'm out.

That's a change from yesterdays negative figures on another survey.;)

shortchanged_2

Really2 wrote: »

That's a change from yesterdays negative figures on another survey.;)

That's because they're more likely to be a true picture of the UK retail sales.

nearlynew

<back in>

I don't need surveys or official figures to tell me what to think.

I prefer to use my own eyes and ears.

Anyone who thinks we are in any way close to a "recovery" on the basis of people shopping more is a f*cking moron.

<back out>

WestonDave

Really2 wrote: »

You avoided selective quotes well, almost.

The outlook is not brilliant, but I thought it interesting that sales were falling, and that was all down to people being skint.

Same survey, same type of reasons, yet this one is spin, even though that this one is compiled by KPMG!

I just thought it was a good example of people only believing what they wanted to believe.

Fair cop - that said I could have quoted the entire article and the overall tone would have been roughly the same. In terms of people being skint the fact that they are avoiding big ticket items is probably more relevant than the fact that they are being forced to spend more on food.

You are right that everyone is desperately looking for data to back up their own hopes! Some people have money but I wonder if they are the ones who have it because they have been cautious about spending in the past - they probably aren't going to help spend us out of this mess.