MinceBalls Posted May 27, 2010 Share Posted May 27, 2010 http://www.guardian.co.uk/business/2010/may/27/retail-sales-slump Apparently poor weather this time around. I thought that was January's excuse ... are they running out of excuses? Poor weather and price rises sent high street sales tumbling in the early part of this month, heightening fears that consumers are tightening their purse strings as they brace themselves for house price falls, tax rises and pay squeezes. The survey by business group the CBI showed the monthly sales balance slid to -18 in May, the lowest in more than a year. The reading indicated a fall in overall sales on a year ago, as 48% of respondents said sales were lower and a smaller 30% reported a rise, giving the balance of -18. That defied expectations for growth – retailers had pencilled in a +17 reading and economists were looking for +12. The hardest-hit subsectors included chemists and DIY, while clothing sales were also down after three months of continuous growth. "These retail sales figures for the early part of May are clearly disappointing, with many sectors failing to achieve higher sales than a year ago," said the CBI's chief economic adviser, Ian McCafferty. "Unseasonal poor weather at the start of the month is likely to have dented clothing sales, while some signs of slowing momentum in the housing market may help to account for the renewed weakness in sales of big-ticket items and other household goods." Other signs of pain in the retail sector were a fall in orders that shops placed with suppliers and a drop in employment. Retailers are also negative about next month, with a balance of -15 indicating that another fall in volume of sales is expected. "It appears that shoppers are feeling the pinch again and are being cautious with their purchases, given the squeeze to real incomes from higher prices and only a modest rise in average pay," said McCafferty. Despite falling sales and gloomy outlook there were signs that retailers were continuing to raise their prices. A balance of 49 put their prices up Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted May 27, 2010 Share Posted May 27, 2010 I turned up on the high street a couple of weeks ago but there was a big scary leaf flying toward me so I legged it - not been back since Quote Link to comment Share on other sites More sharing options...
'Bart' Posted May 27, 2010 Share Posted May 27, 2010 heightening fears that consumers are tightening their purse strings Do they only do that when the weather is bad then? Good job it's so sunny in December then, Xmas would be a washout for retailers otherwise. Why not blame the election? Or a fluctuation in the earth's magnetic field? Or the return of "Britain's Got Idiots"? Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted May 27, 2010 Share Posted May 27, 2010 sales will slump again next month and it will be blamed on the world cup always some excuse just around the corner Quote Link to comment Share on other sites More sharing options...
SarahBell Posted May 27, 2010 Share Posted May 27, 2010 Sunshine does it for online sales. Quote Link to comment Share on other sites More sharing options...
winkie Posted May 27, 2010 Share Posted May 27, 2010 Given up shopping at the shopping centers....bl***y depressing places...stress driving there, stress parking, a stressful degrading experience altogether.....nothing they sell I want anyway. Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted May 27, 2010 Author Share Posted May 27, 2010 sales will slump again next month and it will be blamed on the world cup always some excuse just around the corner Yes, I was thinking the same. If England win it will be bad for saes, if they lose it will be bad for sales and just the very exhistance of the WC will be bad for sales. What a joke! Quote Link to comment Share on other sites More sharing options...
Home_To_Roost Posted May 27, 2010 Share Posted May 27, 2010 Sales people will lie their way out of anything! Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted May 27, 2010 Share Posted May 27, 2010 Poor weather and price rises sent high street sales tumbling in the early part of this month But rising prices are a good thing. It's reducing prices that we must fight tooth and nail to avoid. If prices fall, people will put off their purchases. Quote Link to comment Share on other sites More sharing options...
winkie Posted May 27, 2010 Share Posted May 27, 2010 But rising prices are a good thing. It's reducing prices that we must fight tooth and nail to avoid. If prices fall, people will put off their purchases. Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted May 27, 2010 Share Posted May 27, 2010 http://www.guardian.co.uk/business/2010/may/27/retail-sales-slump Apparently poor weather this time around. I thought that was January's excuse ... are they running out of excuses? No, excuses are like aluminium cans. Once they have been used they can be recylced within a month. Quote Link to comment Share on other sites More sharing options...
robo1968 Posted May 27, 2010 Share Posted May 27, 2010 Given up shopping at the shopping centers....bl***y depressing places...stress driving there, stress parking, a stressful degrading experience altogether.....nothing they sell I want anyway. soulless places, once you are inside the front door you could be anywhere in the world, and you can't haggle, Quote Link to comment Share on other sites More sharing options...
winkie Posted May 27, 2010 Share Posted May 27, 2010 soulless places, once you are inside the front door you could be anywhere in the world, and you can't haggle, What's your best price? Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 27, 2010 Share Posted May 27, 2010 It is the terrorists in Icelands fault. Since they started that volcano up to prevent Gordon Brown flying round the UK electioneering I haven't been shopping on the high street in case a plane falls out of the sky. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 27, 2010 Share Posted May 27, 2010 How long before they use the recent hot weather as an excuse? Volcano? Quote Link to comment Share on other sites More sharing options...
SNACR Posted May 27, 2010 Share Posted May 27, 2010 Sales are pretty stable and have been for some time. You do get minor deviations for weather though. Rain sends covered centre sales up and sun sends online down etc. Quote Link to comment Share on other sites More sharing options...
robo1968 Posted May 27, 2010 Share Posted May 27, 2010 What's your best price? well it's not worth that much for a start Quote Link to comment Share on other sites More sharing options...
grey shark Posted May 27, 2010 Share Posted May 27, 2010 The banks have got to start lending again like it's 2007 again so that the consumer can keep borrowing and spending , the consumer must be kept suckling on the teat of debt so that growth can be achieved .... let's not forget debt is wealth Quote Link to comment Share on other sites More sharing options...
London2012 Posted May 27, 2010 Share Posted May 27, 2010 well it's not worth that much for a start Quote Link to comment Share on other sites More sharing options...
macca Posted May 27, 2010 Share Posted May 27, 2010 Since when has it been a right for retailers to make a guaranteed profit? Its a privilege not a right, everyone else is accepting lower living standards therefore shareholders should be prepared to take the rough with the smooth and be content to just keep the business ticking over for the time being. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted May 27, 2010 Share Posted May 27, 2010 Sunshine does it for online sales. what ever next ?...' Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.