This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7772457.stm

The article has changed 9 times. There is an RSS feed of changes available.

Version 1 Version 2
Retail sales 'fall still further' Retail sales 'fall still further'
(about 3 hours later)
Total UK retail sales have fallen in consecutive months for the first time in at least 13 years, a closely-watched survey has found. Total UK retail sales have fallen in consecutive months for the first time in at least 13 years, a closely-watched survey has said.
Sales in November fell 0.4% from a year earlier, said the latest British Retail Consortium KPMG Retail Sales Monitor. Sales in November were down 0.4% from a year earlier, said the latest British Retail Consortium-KPMG retail survey.
Following a 0.1% decline in October, it was the first drop in the annual rate over two months since the survey was first released in January 2005. Following a 0.1% decline in October, it was the first drop in overall sales for two months in a row since the survey was first released in January 2005.
The report said retailers were now facing a "nerve-wracking Christmas".The report said retailers were now facing a "nerve-wracking Christmas".
'Food sales up''Food sales up'
On a like-for-like basis - which pulls out the impact of new store openings and closures - the survey found that sales in November were down 2.6%.On a like-for-like basis - which pulls out the impact of new store openings and closures - the survey found that sales in November were down 2.6%.
There is little doubt that Christmas will arrive late for many retailers, leaving them with a very nerve-wracking couple of weeks to come Helen Dickinson, head of retail at KPMGThere is little doubt that Christmas will arrive late for many retailers, leaving them with a very nerve-wracking couple of weeks to come Helen Dickinson, head of retail at KPMG
This was the sixth month in a row to see like-for-like sales decline.This was the sixth month in a row to see like-for-like sales decline.
However, total sales were up 2% in November when the figures are measured on a 12-month moving average.However, total sales were up 2% in November when the figures are measured on a 12-month moving average.
The British Retail Consortium said food and drink was the only sector to see sales rise last month, lifted by continuing heavy discounting by the supermarkets.The British Retail Consortium said food and drink was the only sector to see sales rise last month, lifted by continuing heavy discounting by the supermarkets.
It added that it hoped the cut in VAT from 17.5% to 15% will now help to lift sales. It added that it hoped the cut in VAT from 17.5% to 15% would now help to lift sales.
"There is little doubt that Christmas will arrive late for many retailers, leaving them with a very nerve-wracking couple of weeks to come," said Helen Dickinson, head of retail at KPMG."There is little doubt that Christmas will arrive late for many retailers, leaving them with a very nerve-wracking couple of weeks to come," said Helen Dickinson, head of retail at KPMG.
The furniture and floor covering sector was the worst performing last month.
Are
you a retailer? Are you affected by the issues in this story? Send us your comments and experiences using the form below.
For retailers, Christmas is a key trading period and for some firms it can represent more than three quarters of annual revenues.
As High Street firms such as Woolworths enter administration, there are fears that other firms could see a similar fate.
Stephen Robertson, the BRC's director-general said: "The numbers speak for themselves - these are clearly tough times."
But he added that it was hoped the "extraordinary" number of discounts and promotions would encourage some shoppers to spend more.
The furniture and floor covering sector was the worst performing last month.
Are you a retailer? Are you affected by the issues in this story? Send us your comments and experiences using the form below.
In most cases a selection of your comments will be published, displaying your name and location unless you state otherwise in the box below.In most cases a selection of your comments will be published, displaying your name and location unless you state otherwise in the box below.
Name
Name