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Retailers feel pain of rain and recession

LONDON (Reuters) - The economic impact of bad summer, and laid bare the terrible news last Thursday, heavy rain has hurt the economy in pulling the economy out of recession signs of weak demand from major retailers.
Shops selling everything from home improvement projects sportswear and mother and baby goods to be hit.
Official retail sales figures also show that the Diamond Jubilee celebrations to mark Queen Elizabeth failed to provide much publicity, and hope to stimulate consumption and improve the London Olympics to store farming will be ringing.
From 2008/2009 crisis, leaving many Britons worse, torn into the deep hole of public finances, the UK has not fully recovered. The economic downturn turn of the year into the second recession in four years or so.
Although inflation is easing, the unemployment rate fell ongoing government austerity measures and the euro zone turmoil is hurting the morale of the British and spending power.
Prime Minister David Cameron has failed to lift the mood, when he reported that in the newspaper, plans to cut spending in the UK is likely to continue in 2020.
"I can not see any time soon ... the pressure will be off," he told the Daily Telegraph interview, said.
Daniel Ward, a 26-year-old glaziers, walking in the center of London Liverpool Street Station near, that the British consumer mentality.
"I have spent the past few months, because I have no money. I have a mortgage and my girlfriend just superfluous, so I do not have any extra money," he told a Reuters reporter.
The Government is still under increasing pressure to take measures to get the flow of credit to enterprises and increase investment in infrastructure. Bank of England more money into the economy possible.
The wettest since records began in the period April to June, retailers aggravate the already grim situation, the record sales of goods from the barbecue to the bike football shirt.
National Bureau of Statistics said the monthly retail sales grew only 0.1 percent, much lower than economists forecast an increase of 0.6%.
April to June, retail sales fell 0.7 percent, the steepest quarterly decline in more than two years.
With household spending accounted for the UK gross domestic product (GDP), consumers do not want to spend an economist forecast another contraction in the second quarter of fear of compounds related to two-thirds of UK economic recovery.
This press release is not indicative of overall economic growth, and provide further evidence that the gross domestic product may decline in the second quarter, economist Nida Ali of the Ernst & Young ITEM Club said.
She said that the British real income continued to decline, despite the recent sharp decline in the rate of inflation, the wage is almost no growth.
Spend less
The darkness of the entire retail industry.
Europe's largest home improvement retailer Kingfisher fell 1.5%, basic sales fell 0.4 percent in the 10 weeks to July 7, most of its fiscal second quarter.
This represents a 4.8% rebound from the first quarter decreased, but reflected in the B & Q's business, horticulture stock price cuts to clear in the UK and Ireland as well as other concessions. This will reach the B & Q profit margins.
CEO Ian Chai ", said:" northern Europe as a whole, the unprecedented wet weather has been so far, our second quarter significantly affect consumer demand for traffic and outdoor seasonal products.
The sporting goods retailer JJB Sports shares tumbled 28 percent after the company warned that it will once again run into funding problems, and negotiating with strategic partners.
The JJB last week issued a profit warning, also reported in the 2012 European Cup football shirt sales on the back of poor, 8.7% of sales in the first half recession.
Halfords, auto parts, bicycle retailers, separated for four years, Chief Executive David Wild, because it is attached to the 5.6% of the basic sales lower than the first quarter to June 29.
The Halfords warning expected sales continue to fall in profit for the year. Back to the wild exports rose 8% of the shares, down 45 percent in the past year.
Mother and baby goods retailer Mothercare in underlying UK sales 14 May, down from 6.7 percent of its first quarter, highlighting the "challenging trading conditions".
However, some retailers to deal with, despite the weather.
The UK's largest sporting goods retailer, Sports Direct annual profit rose 17 percent, and kitchen supplier Howden thickness in the half-year profits rose by 8%.
Unusually cold and wet weather and the other can help.
John Lewis, the UK's largest department store group, has enjoyed stellar trading this summer rain floods led the High Street traffic is usually located in its stores to cover the shopping malls.



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