Tuesday, April 12, 2011

Oh dear

UK retail sales suffer worst fall on record in March

The struggling UK High Street suffered another blow when the British Retail Consortium (BRC) recorded its worst fall in sales since records began.

Posted by the number cruncher @ 07:20 AM (3868 views)
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8 thoughts on “Oh dear

  • Blame the VAT rise and cuts – too deep, too soon!!

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  • sceneclub68 says:

    and the fact that Easter was early last year!

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  • Who needs retail therapy when you are on antidepressants

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  • That deflation keeps trying to kick in.

    The big boyz have other plans for now.

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  • GBP/CHF is getting my interest. lol

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  • Maybe rip-off Britain needs a rethink on margins … and on commercial rents.

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  • sceneclub68 – Absolutely!
    This is all about the BRC trying to keep interest rates low. Next month there will be a 3 -4% increase which they will say is all down to the Easter timing and especially the Royal wedding, which is a one off and should be discounted.

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  • general congreve says:

    @3 – Yep, commercial property owners need to take a haircut and rents lowered if we want to see life in our high streets. They will have to realise losses at some point, there is only so long owners can stay solvent and/or deluded.

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