BRC-KPMG Retail Sales Monitor October 2008: Worst Sales Figures For Three Years
UK retail sales values fell 2.2% on a like-for-like basis, from October 2007, when they had risen 1.0%. Total sales were lower than a year ago for the first time since April 2005.
As in previous months, food and drink was the only sector to show sales significantly up on a year ago. Clothing and footwear remained poor and often discount-driven, despite colder and much wetter weather than last October. Furniture and homewares fell further below year-earlier levels, despite further discounts and promotions.
Discounts and promotions continued but often failed to tempt customers unless they perceived value or the purchases filled a need.
Non-food non-store sales in October were 16.6% higher than year ago. Online sales fell on the days after the banking crisis hit, as consumers were anxious about their financial outlook.
This entry was posted on Tuesday, November 11th, 2008 at 8:32 and is filed under Retail, eCommerce. Find similar posts by selecting any of the following tags: BRC, eCommerce, Retail. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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