Retail sales again
I noted below that newspapers have problems reporting retail sales data, with the Observer saying "High street sales fall to six-year low", when it meant 'year-on-year growth falls to six year low'.Actually it could have put 10-year low, as the BBC reports today (with 'Worst July in a Decade', which is not so bad). In any case however they might be over-egging it.
The British Retail Consortium (BRC) said like-for-like sales were 1.9% lower than in 2004. Total sales, which include new stores, rose 2%
So a 2% increase because in fact they've opened lots of new stores.
posted by Matthew @ 8/09/2005 08:09:00 AM
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