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drrayjo

U.k. Retail Sales Drop In May

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No need to read the entire article.

These are the highlights..... errr.. lowlights :-

"dropped ....sluggish...declined ....uneven.....“protracted.†...extreme caution.....fell ...

restrained ......unwillingness to lend. ..... “very weak†........“subdued demand†......Impaired ... low levels...

...decline....... joblessness rises........ squeezed.......tighter lending.....wealth drop........Spending negative...

...slump in annual profit ..... cut forecast ......shrink "

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You just wait until the June figures come out.

Unless there's a dramatic shift in the next 12 days it'll show a big drop in retail sales.

Are you a specialist in fish sales or are you privy to broader front line retail?

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You just wait until the June figures come out.

Unless there's a dramatic shift in the next 12 days it'll show a big drop in retail sales.

Is this inside info?

Peter.

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http://www.google.com/hostednews/ukpress/a...UZxycsuPmtcDamg

The growing squeeze on consumers has been underlined after a worse than expected fall in retail sales during May.

Sales volumes declined 0.6% between April and May, the Office for National Statistics (ONS) said, confounding City expectations for a rise.

And less volatile figures for the three months to May showed sales volumes just 0.6% higher than a year earlier - the lowest growth since December 1995.

Sales volumes among non-food stores during May were 3% below a year ago.

Although overall sales were particularly strong 12 months earlier, it is the biggest year-on-year decline in this category since July 1992.

Over the month, clothing and footwear volumes declined by 1.9%, while "other" stores - including sectors such as photography and sports - registered a 3% fall.

The sluggish housing market however is still bearing down on household goods sales.

In the three months to May this was the hardest-hit retail sector, showing a record decline of 7.3% on a year earlier.

Experts warned that pressure on the consumer would increase and is likely to impact the high street as unemployment rises and households cut their cloth to pay off debts piled up in the boom years.

Vicky Redwood, of Capital Economics, said: "We wouldn't be surprised if this marked the start of a period of rather weaker sales growth than of late."

Pretty grim numbers

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Are you a specialist in fish sales or are you privy to broader front line retail?

Supplier to the fish trade, yes - mainly fish n chip shops.

They're always a good barometer for the high street.

June is usually the second worst month (after February) of the year. Except this month, so far, is proving

especially poor.

Unless MacDonald's are having a promotion, of course !

:blink:

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I measure the decline in retail sales by the how many units have closed at my local shopping mall. Bay Trading closed in the last couple of weeks.

What we have to think about is that there must be a tipping point where our entire retail model collapses. I reckon this mall (which is in a city centre) is 20-30% vacant now, and with the remaining open units going downmarket (2nd hand books etc.). And it's in reasonably wealthy East Anglia.

At some point this mall must become unviable, and a net cost on its owners.

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I was in Gloucester (the city) on Saturday morning and the streets were almost deserted.

It is true that Gloucesteronians sometimes desert the streets, but it is usually to roll

cheese down a hill (please don't ask) or to watch the Severn Bore (no, I haven't

a clue) or for various cup finals.

But this was different, I feel.

I think they are skint.

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deleted (duplicate)

Edited by PotNoodle

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From BBC Scotland

Retail sales in May had their sharpest fall in nine years, according to the latest figures from the Scottish Retail Consortium.

Yes, once again - Scotland's Different (it’s worse!)

....but it's not all bad news:

He said he believed talk of the green shoots of recovery was clearly premature despite food showing a 3.6% rise in sales, with the warmer weather giving a boost to barbecue products and salads.

edit- to add hidden good news

Edited by Captain Cavey

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I measure the decline in retail sales by the how many units have closed at my local shopping mall. Bay Trading closed in the last couple of weeks.

What we have to think about is that there must be a tipping point where our entire retail model collapses. I reckon this mall (which is in a city centre) is 20-30% vacant now, and with the remaining open units going downmarket (2nd hand books etc.). And it's in reasonably wealthy East Anglia.

At some point this mall must become unviable, and a net cost on its owners.

Another way is to roughly measure the amount of waste that is generated.

The more consumption - the more waste.

The technique to measure this is rather basic and I call it the 'bin test'.

Check how much is in your waste bins and have a peek in your neighbours as well.

Less rubbish = less retail sales.

It's not a scientific technique but useful nonetheless.

However, be prepared for odd looks from your neighbours but I always find a courteous

"I'm just checking the current status of retail sales" does the trick.

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Another way is to roughly measure the amount of waste that is generated.

The more consumption - the more waste.

The technique to measure this is rather basic and I call it the 'bin test'.

Check how much is in your waste bins and have a peek in your neighbours as well.

Less rubbish = less retail sales.

It's not a scientific technique but useful nonetheless.

However, be prepared for odd looks from your neighbours but I always find a courteous

"I'm just checking the current status of retail sales" does the trick.

Or alternatively you could check the quality of the underwear on your neighbours' washing lines.

"I'm just checking the quality of the silk as a measure of discretionary spending" is also sure to work.

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Or alternatively you could check the quality of the underwear on your neighbours' washing lines.

"I'm just checking the quality of the silk as a measure of discretionary spending" is also sure to work.

Typical tory! :P

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