May retail figures show shoppers are still cautious
With a later-than-usual cold snap this year, you’d expect to see retail sales on the rise as people buy up on winter woolies. Unfortunately for retailers, this is not the case. In fact, retail profits are only up roughly 2% on last year, at the peak of the financial crisis.
It’s good news for consumers though! The low spending levels of shoppers means that stores everywhere are constantly in sale mode – discount prices are inevitable to try and get stock moving out the door.
Expect more discounts on winter stock as retailers are starting to bring in their spring collections. So why not spend up large and help retailers through this slow time… and score yourself a great new wardrobe at a bargain price while you’re at it!
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