London sales up despite UK fallMonday, 19 May 2008
Stephen Robertson, Director General of British Retail Consortium said: “London retailers continued to weather the tough economic climate better than the rest of the UK as a whole, with upmarket fashion accessories, fragrances and skincare doing well. Despite colder and wetter weather, shopper numbers were up slightly. Retailers in the capital will work hard to continue delivering value, especially as household incomes get squeezed.”
Helen Dickinson, Head of Retail, KPMG, said:"This is a confirmation of the trend seen last month, as central London's retailers managed to squeeze out marginal like-for-like sales growth in contrast to the rest of the UK, where like-for-like sales fell by 1.5% in April. The ongoing challenges to the sector continue, with a tough economic backdrop highlighting the fragile level of consumer confidence."