• From The BBC:

    Retailers face their worst conditions in three years with sales falling in five of the last six months, the British Retail Consortium (BRC) warns.
    Like-for-like sales in August were 1% lower than a year before, the BRC said.
    Damp weather followed the failure of retailers in July to attract shoppers through the use of heavy discounts.
    Food and drink was the only sector to show significant sales growth, despite the chilly weather hitting salad and barbecue products.
    Food retailers reported higher sales of cheaper meat products such as mince and stewing meats.
    Heavy discounts
    In a bid to attract consumers who have been tightening belts in the face of rising inflation there was heavy discounting across both clothing and footwear stores over the month.
    Sales of DIY and gardening equipment slowed, while “big-ticket” furniture sales showed year-on-year falls for the seventh month in a row.
    Between June and August, like-for-like sales were 0.8% lower than the same three-month period a…

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    Posted by Jon @ 10:40 pm

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