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Press Release

LRSM JULY 2005 - LONDON SALES WORST EVER AFTER JULY BOMBINGS

15 August 2005

Retail sales in Central London during July were 8.9% lower, on a like-for-like basis, than in July 2004. This compares with a 3.6% increase in June 2005.

July's fall was the worst ever since the data began in October 2002 and comes after several difficult months for Central London retailers.

In the three-months to the end of July, like for like sales fell by 0.4%.

The London bombings hit trade hard on the 7th and 21st of July. Sales recovered a little but continued to be depressed by tube disruption, numerous security alerts and consumer anxiety.

The sharp reduction in Central London like for like sales in July compares with a smaller decline of 1.9% for the UK as a whole.



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British Retail Consortium

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