Argos and Currys' owners feeling the squeeze

[retailworld]

Retail sales fell by 0.4% in September, according to the Office for National Statistics, as more and more of us reacted to the gathering gloom by keeping our hands firmly in our pockets. Although this was actually slightly better than the expected 0.9% drop, it still means that annual high street sales growth now stands at 1.8%, down from 3.3% in August and the slowest for two-and-a-half years (we can’t say we really recall the spring of 2005 being particularly terrible, but we’ll take their word for it).

http://www.managementtoday.co.uk/newsalerts/article/856276/high-street-fright-shoppers-flight/?DCMP=EMC-Daily%20News

How were your September sales?

[emmab]

we were ok actually, making comp and target surprisingly.

[SalePosters]

September was quite good for us meaning hopefully the retail shops were busy :)

[After Work Deals]

No one likes the idea of falling sales, but from speaking to our clients I do get the impression that the media is overplaying all the doom and gloom. It's getting harder to sell to customers, there's no doubt of that, but people are still prepared to spend - they're just being choosier. Keep on offering good value and service and most half-decent businesses will survive.