The Footwear Industry In Britain Was Frustrated, And Retailers Said They Had Nothing To Do With Slowing The Economy.

In October, consumer spending in British business street declined for the most single month in many years because of competition among supermarkets and continuous price cuts.

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Britain

(BRC) the total retail spending in September decreased by 0.8% compared with the same period last year, the largest annual decline since April 2012, which is in sharp contrast to the strong growth of 2.7% in August this year.

It is reported that compared with last year, retail sales in the UK dropped 2.1% in September compared with the same period last year, the largest decline since April 2013.

In 2012 and 2013 April, retail sales declined due to Easter. The British Retail Association said that if the two months were excluded, September had experienced the biggest decline in retail sales since the December 2008 financial crisis.

However, the British Retail Association said sales growth was weak due to the unusual weather in August hit Britain.

Rather than the general economic slowdown, consumers still have strong demand for high priced goods such as furniture.

David Mckoka, partner of KPMG accounting firm, said, "warm September will not destroy Christmas. If the temperature falls to a more reasonable level, cooler weather will quickly turn around.

Fortune. "

However, in the supermarkets that are in a price war, sales prospects are not so optimistic. Veteran retailers such as Tesco and Wal-Mart Stores are working hard to launch price wars with German discount chain Hardi (Aldi) and Liddell (Lidl).

It is reported that the total sales of food in the third quarter of this year dropped by 1.7%, the largest decline in 5 years, while sales fell 3.6% compared with the same period last year.