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BRC says ‘retail figures confirm worrying downward trend’

The official retail figures, published yesterday (Thursday), are more positive than expected but still confirm a worrying downward trend in sales.

GENERAL MERCHANDISE

BRC says ‘retail figures confirm worrying downward trend’

The official retail figures, published yesterday (Thursday), are more positive than expected but still confirm a worrying downward trend in sales.

Responding to the figures from the Office of National Statistics (ONS) Director General of the British Retail Consortium, Stephen Robertson, said, "This is a more positive picture than from our own figures which showed the value of total sales below a year earlier. But the ONS may revise down their March figures as they have just done for January and February.

"Even so, the ONS figures confirm a worrying downward trend for retail sales. Annual growth in sales values is a quarter of what it was in January and the worst since April last year which was hit by the earlier Easter.

"With DIY, clothing and even food sales suffering, it's clear customers are cutting back and extremely reluctant to spend despite a mass of promotions and discounts.

"This April's figures will be helped by Easter and the Royal Wedding. That's welcome but won't change the fundamentally weak conditions likely to undermine consumer confidence for some time yet”

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