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Thread: UK High Street sale drop by 1.7%
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04-01-2009 08:23 PM #1
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UK High Street sale drop by 1.7%
While e-tailers are enjoying boom time (sales up by up to 30%) their high street counterpart are having difficult time.
According to a report out today, high street sale is down by about 1.7%. BBC provides the full story below:
Consumers continued to desert the High Street in March, a study has found.
According to the latest Experian Footfall UK National Index, shopper numbers fell 1.7% across the UK.
Wales and the South West were the worst hit regions, with shopper numbers down 7.13%. Only the North East, South East and East Midlands recorded a rise.
While Experian admitted an early Easter in 2008 may have affected the figures, it added that comparative Mother's Day sales were down 1.7% this year.
"Our FootFall data and latest ONS sales figures (showing a 1.9% fall in spending volumes in February) confirm what we have long suspected - that consumers are cutting back on their spending and the growth in sales during January was mainly the result of heavy discounting," said Sunita Bali, Experian's senior UK economist.
source: bbc
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