Find in the news:
BY COUNTRY

UK experiences largest decline in shopping since 2008



The decline in performance by online and high street stores since the worst part of the recession during 2008/2009 has offered new evidence that the economy is once again slowing down.
The unusual warm weather during September, the weakness in supermarket spending and a decline in the growth of internet sales indicate that spending has dipped sharply over the last month.

According to the British Retail Consortium (BRC), total sales declined by 0.8% in September 2014, compared to September 2013.  This year-on-year dip in consumer spending is the worst since December 2008, other than during the months which are affected by the timing of Easter.

The BRC was pleased to announce that big-ticket item spending, such as furniture, continued upward.

George Osborne, the chancellor, stated last week that the problems occurring in the eurozone have already impacted on the economy in the UK.  The Bank of England has detected that the fast growth pace observed since spring 2013 will not remain.
The Bank’s governor, Mark Carney, stated that stinted growth in the eurozone would only be one of many factors to affect the timing of an interest rate increase, but was accepting that a slowdown in global growth would affect inflation.

The first increase in borrowing costs is expected to occur mid-2015, about the same time as the general election.  According to Carney, the Bank’s nine-strong monetary policy committee will not be affected by politics.

Winter fashion line sales have been impacted by the Indian summer during September.  Like-for-like sales, which remove the impact of increases from new stores, were down 2.1% on last year.  For the quarter ending September, like-for-like food sales had declined 3.6% on the same period last year, whilst like-for-like overall in all categories declined by 0.5%.

Retailers are hoping that the temperatures will drop to a more seasonal level to try and boost sales.

Online activity attracts more than one pound in every six spent by customers, however, online non-food sales have experienced a decline since last year.  Although sales increased by 8.2% compared to September 2013, the previous year’s figure was at 13.4%.

Carney stated that the slowdown in Europe’s recovery bears no resemblance to the state the currency was in a couple of years ago.



More about shopping malls in the United Kingdom

May 22, 2020, USA:
The British retailer said that the demand for home clothing, sleepwear and bras has increased, but office suits have become less in demand.
May 22, 2020, USA:
Victoria’s Secret to close about 250 stores in the U.S. and Canada, Bath & Body Works to close 50.
May 20, 2020, Slovenia:
SES Spar European Shopping Centers opened ALEJA Center in Ljubljana on Wednesday, 20 May 2020.
May 19, 2020, Italy:
Shops in downtown Rome, Milan, and other top locations remain closed despite the lifting of restrictions.
May 19, 2020, USA:
According to a study by FTI Consulting, more than a third of Americans have stopped buying goods from China.
May 18, 2020, USA:
Swedish company Ingka Centres has already entered into negotiations for the acquisition of central facilities in major US cities.
Friend
and Follow
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us