While the growth in November was against a weak comparison in November 2004, it is better than many had expected and the lift out of negative territory is encouraging in itself.
More Quotes from Kevin Hawkins:
A very useful increase in customer footfall in Central London has helped to generate this exceptional rate of growth. This in turn reflects the ongoing recovery from the events of last July which retailers will be doing their best to sustain.Kevin Hawkins
Easter this year isn't in March, it's in April, so we always knew that March would be a minus figure. If you allow for the fact that is Easter is normally worth about 1 to 1 12 percentage points, then the underlying trend is flat and we expect that to continue.
Kevin Hawkins
We did not expect any change in interest rates today from the Bank of England, although clearly a further reduction in the run-up to Christmas would have been helpful to both retailers and industry in general.
Kevin Hawkins
The question now is whether some consumers will continue to stay away from central London and whether tourists will be deterred by the threat of further disruption,
Kevin Hawkins
While most larger retailers have a broad spectrum of suppliers and are not unduly exposed to China, other retailers will be forced to look at sourcing from other low cost countries,
Kevin Hawkins
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