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Posted by: | Posted on: September 4, 2021

Winter freeze knocks retail sales growth

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share HIGH street spending took a severe hit from last month’s snow, the British Retail Consortium (BRC) confirmed today.Like-for-like sales in December dropped by 0.3 per cent on the previous year, the group reported, although for the whole of 2010 these sales increased by 0.8 per cent.“The unusually early winter weather made a difficult Christmas worse,” said the BRC’s head Stephen Robertson. “Catch up shopping gave a big boost in the week just before Christmas and the post Christmas clearances were strong,” he said, “but neither was enough to replace every sale lost earlier in the month.”In December 2009 retail sales shot up by 4.2 per cent on the previous year. Total sales, which include new stores and expansion in shop floor space, were up 1.5 per cent last month – yet this was the weakest monthly rise since April.The announcement was mirrored by figures from Visa, which showed a slowdown in sales growth for the final quarter of the year.“Sales growth was modest during the crucial pre-Christmas period, a situation exacerbated by poor weather conditions,” Visa reported.Consumer spending growth slowed to 2.6 per cent in the final quarter of 2010, Visa found, down from 6.9 per cent in the three months to September.However, consumer spending in 2010 still surpassed pre-recession levels, they said. “This is the sixth successive quarter where there has been an increase in consumer spending. The figures suggest that we have avoided a double dip recession,” added Dr Steve Perry of Visa Europe.Online sales were originally boosted by December’s bad weather, the BRC found, yet suffered later in the month as consumers feared they would not receive goods in time for Christmas.December’s non-store sales increased by 18 per cent on the previous year, yet this was virtually the same as November’s increase, simply reflecting a long term rise in internet purchases.Christmas in 2009 had seen a 26.5 per cent jump in online sales compared to the previous year. whatsapp Winter freeze knocks retail sales growth whatsapp Show Comments ▼center_img KCS-content Monday 10 January 2011 7:44 pm Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img read more