12 April 2011 - 8:08am | posted by | 0 comments

Retailers record largest monthly sales slump since 1995

Retailers record largest monthly sales slump since 1995Retailers record largest monthly sales slump since 1995

Britain’s despondent retail sector has taken a further hit today after the British Retail Consortium reported that High Street spending took its biggest knock since 1995 in March.

It found that like for like sales were off 3.5% over the month, dragged down by declines in every category of sales bar footwear.

The grim tidings are being blamed on a plethora of downward pressing indicators, notably this year’s later Easter, “uncomfortably high” inflation and low wage growth.

Stephen Roberstson, the BRC’s director general, wasn’t optimistic that things would pick up quickly either, saying: “Mounting fuel and utility costs, falling house prices, higher VAT and the prospect of more tax rises and job losses left people unwilling to spend unless they really had to.

“These pressures aren't going away and the arrival of higher National Insurance is likely to compound them in the immediate future.”
 

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Sports Bra Award Win

19/12/2014
Our super-star lingerie client, Wacoal Eveden, is...

Malibu - creating the perfect brand moment to enhance engagement

17/12/2014
The challenge How do you change customers’ perception of...

Driving Sales From Social During Black Friday

16/12/2014
The craze of Black Friday crossed the pond and hit the UK...

BREACH: LETS JACK

16/12/2014
‘Jack’ – the infectious track by British producer Breach...

Launching the Seasonal Cities App

15/12/2014
In Q3 2014 Rooster was tasked with launching the new travel...