Bruce Banner Posted January 21, 2011 Share Posted January 21, 2011 Breaking news BBC. December high street sales - Down 0.8%, making it the worst December on record. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2011 Author Share Posted January 21, 2011 http://www.bloomberg.com/news/2011-01-21/u-k-retail-sales-have-record-december-drop-as-snow-prices-daunt-shoppers.html That's strange, I could have sworn that the television news channels were, at the time, full of interviews with retailers saying what a wonderful December they were having. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 21, 2011 Share Posted January 21, 2011 Ah yes, that will all be blamed on the snow. Actually, this is the first time that excuse might have some credibility... Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 21, 2011 Share Posted January 21, 2011 Volume of sales static. Value up by 2%. First time the volume hasn't grown since 1988. Had to happen sometime, or maybe trees do grow to the sky, and there is an infinite market for tat? http://www.bbc.co.uk/news/business-12248301 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 21, 2011 Share Posted January 21, 2011 Damn the snow, doesn't the weather know there is an economic recovery on. Quote Link to comment Share on other sites More sharing options...
Pole Posted January 21, 2011 Share Posted January 21, 2011 http://www.bloomberg.com/news/2011-01-21/u-k-retail-sales-have-record-december-drop-as-snow-prices-daunt-shoppers.html That's strange, I could have sworn that the television news channels were, at the time, full of interviews with retailers saying what a wonderful December they were having. I remember that too.. They were saying something along the lines of 'shop till you drop, spend all your cash, get into debt - it'll all make Britain richer!' Quote Link to comment Share on other sites More sharing options...
'Bart' Posted January 21, 2011 Share Posted January 21, 2011 December high street sales - Down 0.8%, making it the worst December on record. I must confess that an 0.8% fall didn't seem like a lot to get worked up about, until I read this bit "Sales fell 0.8 percent from the previous month". Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 21, 2011 Share Posted January 21, 2011 I remember that too.. They were saying something along the lines of 'shop till you drop, spend all your cash, get into debt - it'll all make Britain China richer!' Fixed that one for you. Quote Link to comment Share on other sites More sharing options...
WageslaveX14 Posted January 21, 2011 Share Posted January 21, 2011 The snow was genuinely pretty disastrous, though. Loads of people couldn't get to work for days at a time, and in places like Edinburgh and other parts of Scotland everything pretty much shut down for extended periods. This time, the bad weather is a pretty decent excuse for poor economic performance. i don't see how you can say that it caused house prices to drop, though.... Quote Link to comment Share on other sites More sharing options...
'Bart' Posted January 21, 2011 Share Posted January 21, 2011 The snow was genuinely pretty disastrous, though. Loads of people couldn't get to work for days at a time They seemed able to buy plenty of bread and milk though. Quote Link to comment Share on other sites More sharing options...
exiges Posted January 21, 2011 Share Posted January 21, 2011 Ah yes, that will all be blamed on the snow. Actually, this is the first time that excuse might have some credibility... Except it was also an all time high for online sale. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 21, 2011 Share Posted January 21, 2011 They seemed able to buy plenty of bread and milk though. You've just proved his point. Empty food shelves = unmet demand = lower food sales. Quote Link to comment Share on other sites More sharing options...
Pole Posted January 21, 2011 Share Posted January 21, 2011 Except it was also an all time high for online sale. plus people were stocking up on food supplies (more than they needed). Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 21, 2011 Share Posted January 21, 2011 plus people were stocking up on food supplies (more than they needed). Except when the retailers had no food, so quite a few people were unable to purchase food they wanted to buy. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 21, 2011 Share Posted January 21, 2011 But I thought people were going mad after christmas to beat the VAT increase? Maybe the snow stopped that too. Quote Link to comment Share on other sites More sharing options...
PrivateerMk2 Posted January 21, 2011 Share Posted January 21, 2011 The snow was genuinely pretty disastrous, though. Loads of people couldn't get to work for days at a time, and in places like Edinburgh and other parts of Scotland everything pretty much shut down for extended periods. This time, the bad weather is a pretty decent excuse for poor economic performance. i don't see how you can say that it caused house prices to drop, though.... Meh. The roads were cleared here after a couple of days. Folks in Edinburgh must be getting soft. Too close to England, you see. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 21, 2011 Share Posted January 21, 2011 Meh. The roads were cleared here after a couple of days. Folks in Edinburgh must be getting soft. Too close to England, you see. It might help if you said where you live. The post was disrupted up until mid-January, so there was a genuine issue with goods travelling by road. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 21, 2011 Share Posted January 21, 2011 But I thought people were going mad after christmas to beat the VAT increase? Maybe the snow stopped that too. The snow stopped the VAT increase...? I'll crawl back under my rock before I'm kicked there. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 21, 2011 Share Posted January 21, 2011 Wandered through House of Fraser yesterday (its en route to the loo). Desperation in the tat department, with crockery and utensils dropped in price by half. Additional clothes rails, dumped in aisles making it difficult to walk through. But prices are still far too high, for "premium" tat made in China. Need a new omelette gillet and cheese grater but not paying £20 or £12 for it, so left without buying. Quote Link to comment Share on other sites More sharing options...
richcrashman Posted January 21, 2011 Share Posted January 21, 2011 So that's 0.8% on November?? So whats the figure for year on year??? Did i see food was down 3.4% year on year??? Add in food price inflation and volumes must be well down. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 21, 2011 Share Posted January 21, 2011 So whats the figure for year on year??? Year on year, sales volume was static. December 2009 wasn't very good either. Sales value up 2%. Quote Link to comment Share on other sites More sharing options...
erranta Posted January 21, 2011 Share Posted January 21, 2011 (edited) Wandered through House of Fraser yesterday (its en route to the loo). Desperation in the tat department, with crockery and utensils dropped in price by half. Additional clothes rails, dumped in aisles making it difficult to walk through. But prices are still far too high, for "premium" tat made in China. Need a new omelette gillet and cheese grater but not paying £20 or £12 for it, so left without buying. Question is - did you get lost in the womens lingerie dept again? I blame it on the (realthing) "slow boats from China" Coz of collapse in World shipping the ship owners have ordered all tankers/ships to run at 1/3-1/4 normal speed which means containers now take as long as the old C19th sailing clippers did to get here! Edited January 21, 2011 by erranta Quote Link to comment Share on other sites More sharing options...
Number79 Posted January 21, 2011 Share Posted January 21, 2011 The bbc presenter when waiting to announce the figures said that " we are just waiting to see how badly the snow affected sales" Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted January 21, 2011 Share Posted January 21, 2011 The bbc presenter when waiting to announce the figures said that " we are just waiting to see how badly the snow affected sales" What about 'we are just waiting to see how people having no so**ing money affected sales'.. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 21, 2011 Share Posted January 21, 2011 Wandered through House of Fraser yesterday (its en route to the loo). Desperation in the tat department, with crockery and utensils dropped in price by half. Additional clothes rails, dumped in aisles making it difficult to walk through. But prices are still far too high, for "premium" tat made in China. Need a new omelette gillet and cheese grater but not paying £20 or £12 for it, so left without buying. How many plates and panini pressers does one person want/need? “The bad weather disrupted a lot of consumption,” Philip Rush, an economist at Nomura International Plc in London, said before the report. “The consumer is especially hard pressed at the moment, with the brisk rate of inflation creating a further painful headwind.” So our recovery is reliant on consumption.....keep on spending, your future security depends on you spending more. Quote Link to comment Share on other sites More sharing options...
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