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Retailers struggling for a Christmas lift

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Published Date: 22 December 2008
SHARP price cuts made for a busy weekend in Britain's shops yesterday, but retailers were still struggling for a Christmas lift.
The John Lewis group, seen as a barometer for the UK retail sector, said sales picked up in its shops in the last weekend before Christmas, but were still down on a year ago.

The director of the Scottish Retail Consortium, Fiona Moriarty, said it
had been "a very strong trading weekend" in Scotland's shops.

"Saturday was very busy, but Sunday has also been very good for many retailers. Importantly we still have three trading days before Christmas, and retailers will hope to see that momentum continue before Christmas Eve," she said.

John Lewis reported a surge in last-minute sales of items traditionally bought by men for their partners, like perfume and lingerie.

But while the group's takings rose 1.3 percent in the week ending on Saturday, compared to the previous seven days, they were down 1.8 percent on last year.

Sales activity across Britain yesterday suggested that some savvy shoppers were delaying purchases until late in the hope of further price cuts and sales bargains, analysts said.

With some shops slashing prices by up to 70 per cent, out-of-town shopping centres around the country reported queues forming before 9am.

An estimated half a million people visited London's West End, where stores stayed open longer in a bid to boost sales. Traders reported many European visitors taking advantage of the weakened pound.

Meanwhile, a rise in consumers using cash rather than cards was seen as another sign of careful budgeting.

Bruno Rost, of retail analysts Experian, said the numbers of shoppers were consistently down on last year.



The full article contains 289 words and appears in The Scotsman newspaper.
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1

Charles Linskaill,

Edinburgh 22/12/2008 01:43:43


As I have said on previous occasions, it is a,...

...."Buyers Market", providing you have the money that is!

This is why the, richer get richer and the poorer get poorer!

All said and done, even if shops and stores meet previous "Sales Targets", it will be of 'false pretence', because their 'Profit Margins' will be at an, all time Low,

I really do think the 'World Wide' saying for next year, 2009, will be,......

...'Fight to Survive'!, And this means for the majority of us!.

Did you Know that,..'Beans-on-Toast' is very nutritious? and at about only 50pence a go, this may mean it will be the,.... 'main meal-of-the-day' for many of us!

Gas? Climate Change Right Enough! :)


2

drunken proffet,

Tassy 22/12/2008 07:27:04
#1 A bit exagerrated. You can live on beans if you want, personally I will make my own soup and bread, buy my spuds and veggies at the farm door, and freeze everything. So I will no doubt be forced to live on a diet of haggis, liver, eggs, home made soup, porridge, home made pizzas, bacon butties, jam rolly polly, steak and kidney pud, black puddings, white puddings, scotch pies and the occassional fried mars bar. I will also produce my own booze but draw a line at smoking grass clippings or tea leaves. I will survive, I will survive, I think their is a song in that somewhere.

 

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