BRC knocks government retail figures

The British Retail Consortium says new retail figures from the ONS do not convey tough trading conditions.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Today's Office for National Statistics figures suggest August’s total sales values were up 3.9 per cent on a year ago, well above the weak 1.4 per cent shown by the BRC’s figures. ONS year-on-year growth was higher in August than July (it also reported an increase in year-on-year sales growth between June and July). The BRC’s Retail Sales Monitor shows it has been falling.

ONS doesn't measure like-for-like sales but BRC figures show sales down year-on-year for five of the last six months.

Stephen Robertson, Director General of the British Retail Consortium, said: “These unexpectedly resilient figures fail to convey how tough conditions are for customers and retailers. Plenty of retailers would be delighted if their sales values were up nearly four per cent on a year ago.

“Fundamental conditions are weakening, not improving, and recent banking industry uncertainty can only make customers more nervous about spending.

“Yes, clothing and footwear sales growth has risen but that growth is modest and driven by discounts. It cannot be called strong and cannot explain ONS’ high overall figures.
“We respect the ONS’s process but the Bank of England is right to treat these figures as only one measure of retail performance.”

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Melissa and Doug Job Logo 620 x 349

Operations Planner

Imagine working for a company with a mission you can truly believe in, a playful and energetic culture, a talented team and a bright future! Melissa & Doug, the toy company committed to nurturing childhood wonder, is looking for an Operations Planner to coordinate the demand planning and supply between European markets and the US.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.