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High Street Retailers Sales Dipped Sharply

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April was the cruellest month for High Street retailers as sales dipped sharply and hit their lowest since the depths of the recession in 2008, new data suggests. This is the worst figure since November 2008, as it is for overall retail sales, which fell 6.1 per cent in April compared to a year ago, according to accountancy and business advisory firm BDO.



Fashion retailers were the worst hit, with like-for-like clothes sales down more than 9 per cent, which they have blamed on poor weather.



Daily mail



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Not much money.

Lot spent online.

Everyday. non-food bricks+mortars is dying a death.

If it was not for coffee shops and resturents run by PE and run off suppliers credit the high street would be even more fcked.

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Sometimes you get the feeling that every big business is run on debt...how many businesses have over expanded and extended using debt? How many are not making a profit but only surviving with rolling credit that is not getting less only more?

How much of the price of the debt is being passed onto the price of the product?....how many zombies are out there?

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Look on the bright side, house prices are through the roof.

Nothing to see here, move along

:)

You describe the atomistic view many have of the economy. If a Nationwide report suggests their house price rose 1% MoM, then the economy must be going swimmingly. It probably helps if such people do ALL of their shopping online and remain in their quaint villages. If they actually shopped in their local town centre, they'd really see what's going on - tat shops and eastern bloc accents abound.

Edited by canbuywontbuy

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CityAm works fine with adblockers if you have a script-blocker too and blacklist it (I'm using uBlock Origin + ScriptBlock in Chrome; if you're using Firefox, try NoScript).

Also, goldbug's link above goes directly to a pdf file, so I doubt they can mess with your browser even if you don't have a script blocker.

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April was the cruellest month for High Street retailers as sales dipped sharply and hit their lowest since the depths of the recession in 2008, new data suggests. This is the worst figure since November 2008, as it is for overall retail sales, which fell 6.1 per cent in April compared to a year ago, according to accountancy and business advisory firm BDO.

Fashion retailers were the worst hit, with like-for-like clothes sales down more than 9 per cent, which they have blamed on poor weather.

Daily mail

Meh. " down 9 per cent"

Online sales increased 14.6% in 2016 in the UK.

http://www.retailresearch.org/onlineretailing.php

Overall its more money leaving wallets, just less of it to one (outdated) sector of retail.

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Meh. " down 9 per cent"[/size]

Online sales increased 14.6% in 2016 in the UK.

http://www.retailresearch.org/onlineretailing.php

Overall its more money leaving wallets, just less of it to one (outdated) sector of retail.

Market share of online is under 20% overall though, from your link. Online growth will offset the fall to a degree but still well down overall.

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I think 2015 Easter was in April and 2016 Easter in late March. unless it's adjusted for it'll have an impacts on the year on year.

Edited by Ash4781

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http://news.sky.com/story/1709680/financial-winter-for-shops-as-eu-vote-looms

The report stated: "The beginning of June may have seen the first signs of summer in 2016, but figures released today show the UK high street is in the grip of a deep financial winter".
Its head of retail and wholesale, Sophie Michael, added: "A fall in retail sales is often sparked by consumers choosing to spend their disposable income on things like eating out, but the evidence is that people are reducing spending across the board.
"Things have been tough for retailers since the end of last summer and there's not much to suggest confidence will pick up soon."
I've noticed locally petrol prices continue ticking up.

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Yeah ... it's the rain - too wet to go shopping ... or it's too warm - too hot to go shopping ... or it's the EU vote - too scared in case WW3 breaks out

... might as well just rent it out innit

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All the dosh went into BTL so the ladies wot lunch wern't out buying their flimsy knick knacks!

Well the BTL lot do take the view that they can lump all of their additional costs-finance,tax,etc onto tenants as rent rises. This would presumably be at the detriment to retailers as the easiest household budget to flex.

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People must be sick of buying worthless tat by now, surely? Or is the flicker rate of the telly really so powerful it makes you do things like spend all your labour tokens on shit you don't need. People see spending their money on worthless tat as aspirational and progressive, some sort of master stroke by the planners. Make them crave shit food with no nutritional value which slowly kills them, get them hooked on pharmaceuticals into the bargain, make them fear not having worthless tat they can't afford.

Take a step back and none of this makes any sense, I'm convinced the telly is the most powerful mass brainwashing tool ever invented. 1984 nailed it really. None of us really understand the power behind 10,000 frames per second or whatever it is now. You only need to walk into a lounge of people watching the telly and look at their faces, completely hypnotised all of them. Trance state. It aint by accident is it?

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And when they're not staring slack-jawed at the telly, they're in a 'phone trance' staring at their phones..

"Phone Trance " :D

Pedestrians using mobile phones in danger of falling into ‘zombie trance’ Poll reveals 42% in favour of on-the-spot fines to deter ‘reckless’ jaywalkers

http://www.irishtimes.com/news/social-affairs/pedestrians-using-mobile-phones-in-danger-of-falling-into-zombie-trance-1.1834366

New Bleep Trance ...

Edited by Saving For a Space Ship

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People must be sick of buying worthless tat by now, surely? Or is the flicker rate of the telly really so powerful it makes you do things like spend all your labour tokens on shit you don't need. People see spending their money on worthless tat as aspirational and progressive, some sort of master stroke by the planners. Make them crave shit food with no nutritional value which slowly kills them, get them hooked on pharmaceuticals into the bargain, make them fear not having worthless tat they can't afford.

Take a step back and none of this makes any sense, I'm convinced the telly is the most powerful mass brainwashing tool ever invented. 1984 nailed it really. None of us really understand the power behind 10,000 frames per second or whatever it is now. You only need to walk into a lounge of people watching the telly and look at their faces, completely hypnotised all of them. Trance state. It aint by accident is it?

I think smartphones are even more powerful. People bow their heads wherever they are now - even TVs don't have that reach. The internet is one big envy-therefore-shopping-binge producer.

Edited by canbuywontbuy

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Ah, the HPC 'control council' in session again. 'Ban television and iphones' - forgive their debts, and send others back to work the fields for simpler life of 'I know best'.

Those who think it's all a big conspiracy, that people are being tricked into wanting and paying for nice stuff and holidays (because of advertising). Of course there is influence but it's a complex system and also one where we have free-will.

Own choices.

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Yesterday the girl next to me paid £100 for her hair-do.

She rang me on her way back (in heavy rain) - on bluetooth radio handsfree - to tell me to meet her at the car with a brolly.

I'm just wondering if it's another thing we need to run past the HPC control council?

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