The Live Wire



Press Release

LONDON SALES BETTER BUT STILL POOR

17 October 2005

Retail sales in Central London during September were 2.3% lower, on a like-for-like basis, than in September 2004, when sales also fell by 0.7%.

September's result was better than the 11.5% drop in August which was the worst since the London Retail Sales Monitor began in October 2002. However, the average monthly change so far this year is a 2.0% decrease, against a 3.2% increase for the same months of 2004.

The three-month trend rate of growth in September weakened to a 7.3% decrease from 5.9% in August.

Campaigns and promotions to attract shoppers had a modest impact. Tourists and daytrippers are still wary of coming into London, but those that did come appear to have spent money in the shops rather than just browsing.

London sales have been substantially worse than sales in the UK in each of the last three months.



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British Retail Consortium

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