No one should be fooled into believing that the slight improvement relative to July indicates a change in trend. Any growth came from heavy discounting, which is not sustainable - especially as retailers' margins are already being squeezed by rising labour, property and energy costs. The underlying position is still weak and unlikely to improve unless and until there are further cuts in interest rates. Kevin Hawkins
Motivational, Inspirational, Funny Quotes
![[The volume of goods passing across high-street tills fell 1 per cent compared with a year ago, based on the same area of selling space. The British Retail Consortium said it was the eighth consecutive monthly fall and was driven by sharp declines in clothing and footwear and food sales.] The underlying position is weak, ... Retailers margins are already being squeezed by rising labour, property and energy costs. - Kevin Hawkins Quotes](/pic/img/img.php?text=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&author=ICBLZXZpbiBIYXdraW5zICAgIA==&num=8 "[The volume of goods passing across high-street tills fell 1 per cent compared with a year ago, based on the same area of selling space. The British Retail Consortium said it was the eighth consecutive monthly fall and was driven by sharp declines in clothing and footwear and food sales.] The underlying position is weak, ... Retailers margins are already being squeezed by rising labour, property and energy costs. - Kevin Hawkins Quotes")
