Weather Tonight: 4°c Partly Cloudy Night Morning: 8°c Cloudy

Business

High Street recovery doubts

17 Sep 2009


The strength of the High Street recovery was called into question today, with new official figures showing sales in August were up just 0.2% overall.

UK retail sales for the month were just 2.1% higher than a year earlier - when the economic slump was raging after the collapse of Lehman Brothers.

Earlier-reported sales growth in July was also revised down, from 0.4% to 0.2%, the Office for National Statistics said.

For August, a rise in food sales was more than offset by falls in clothing and footwear. August food sales were up 0.7%, while non-store retailing and repair sales grew 1.1%.

Alan Clarke at BNP Paribas said: "Consumer spending has been resilient, but with growth below potential, unemployment will continue to rise and that will hold back spending."

Reader views (1)

 Add your view

Swarovski the worlds leading manufactory of cut crystal fails to cut the ice with potential future employee's. They walk away from open day obligations. Close up shop and just walk away, leaving hundreds to turn up, only to be turned away. Swarovski a well known retailer in the UK with multiple sites and many store locations and concessions, placed an Ad in the Metro free newspaper last week on Thursday 10 September . This Ad invited people to attend an Open Day on Tuesday 15 September to meet Swarovski and have the opportunity of being interviewed for a range of positions advertised in their Ad. The Open day was being held between 12pm and 6pm at the Ramada Hyde Park Hotel. On offer were some store management positions with Swarovski and with concessions in House of Fraser and some sales consultant positions.
Swarovski CANCEELLED the event on the day of the event. All those arriving were simply turned away with no advice or help or any satisfactory explanation. One person representing Swarovski by the name of Jermaine(he confirmed he was employed by Swarovski but for some strange reason would not give out his surname?) was stood at the entrance to the Hotel gathering groups of people together as quickly as they arrived to simply announce that the Open Day event had been cancelled because it had been too successful and Swarovski were not in a position to cope with the demand.

Shame on you Swarovski. Get organised.

- David, Gillingham, 17/09/2009 18:16
Report abuse


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • Relief for Sir Mervyn as inflation takes a tumble Osb and mervyn Bank of England Governor Sir Mervyn King has gained a major victory in his battle to bring down the spiralling cost of living as inflation...
  • Yell dives as print blow outstrips digital leap Yell Beleaguered Yellow Pages directories publisher Yell has seen its shares plunge as much as a quarter after a worse-than-expected slump in...
  • BHP and Rio bet on copper with mine expansion Rio Tinto The future is looking copper-coloured for BHP Billiton and Rio Tinto after the mining giants announced plans to invest $4.5 billion (£2.9...
  • Why saving may start to make sense again - just Piggy bank savings Long-suffering savers at last had some good news today when inflation fell below 4%, meaning there are now seven standard savings accounts...
  • City says timing wrong in Moody's UK rating threat Euro City economists have raised doubts over the timing of the threat by rating agency Moody's to slash the UK's AAA sovereign credit score,...
  • Hotel giant goes for Olympic gold as profits wow the City Intercontinental Hotels Hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth
  • Bloomsbury takes a new passage to India Fashion book Publisher Bloomsbury is to set up a new business in India to take advantage of rapidly growing demand from the country's English-speaking...
  • Thai disaster floods Lloyd's with a bill for £1.4 billion Lloyd's of London Thailand's worst flooding in 50 years last October will cost the Lloyd's of London insurance market $2.2 billion (£1.4 billion), it has...
  • Bank of Japan increases stimulus to boost growth Japan Bank of Japan has added 10 trillion yen (£83 billion) to its 20 trillion yen pool of funds set aside for asset purchases in a surprise move
  • Brammer sees profits jump Box of tricks: DIY tools can be expensive to buy Industrial services group Brammer has posted a 41% jump in full-year pretax profit on strong demand
  •  
    Market Roundup
    TUESDAY UPDATE

    Valentine's massacre as City dumps Hampson

    No one likes getting rejected on Valentine's Day

    More