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Press Release

LONDON RSM NOVEMBER 2005: WELCOME UPTURN IN LONDON SALES

12 December 2005

Retail sales in Central London during November were 2.1% higher, on a like-for-like basis, than in November 2004, when sales had picked up 1.4%. November's result was the first increase since June, before the July bombings.

Nevertheless, the average monthly change so far this year is a 1.7% decrease, much worse than the 2.6% increase for the same months of 2004.

The three-month trend rate of growth in November improved to a 1.2% decrease from a 5.1% decrease in October.

Cold weather turned minds to winter clothes and Christmas shopping, and the many promotions and special sales attracted shoppers. Clothing and footwear did well, but elsewhere trade was often driven by discounts. Footfall was slightly better than in the last few months, but remained down on a year ago.

London sales outperformed UK sales, after four months of substantially larger declines than in UK sales.



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British Retail Consortium

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