Based on your current location, we selected the North America edition of FreshPlaza.com for you I want to remain in this edition
Please click one of the other regions below to switch to another edition.

world_map North America Latin America Oceania Africa Asia Europe


Job offersmore »

Specialsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

UK: Retail sales fall as double dip recession hits consumer confidence

UK retail sales fell the most in more than a year last month as poor weather and consumer caution on spending curbed demand at stores.

Sales at stores open at least 12 months, measured by value, declined 3.3 percent from a year earlier, the London-based British Retail Consortium has reported. That’s the biggest monthly drop since March 2011. Including stores open less than 12 months, sales decreased 1 percent.

The sales slump was partly due to the weather. April registered the largest amount of rainfall for the month since records began in 1910, according to the U.K. Met Office. Sales a year earlier were boosted by the wedding of Prince William and Kate Middleton.

The BRC said that even taking these factors into account, the figures were "disappointing."

Source: bloomberg.com

Publication date: 5/9/2012


Receive the daily newsletter in your email for free | Click here


Other news in this sector: