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Analysts have pointed to the recent mild weather as a dampener on winter clothes sales and food inflation, which hit 4% month on month, as important elements depressing retail sales.
"I recently went to Gap for the first time in a long time," he says, "and it was the most depressing retail experience I've had in a very long time.
"This consolidation of the sector shows JD Sports resilience and customer appeal in an otherwise fairly depressing retail landscape," said Catherine Shuttleworth, chief executive of shopper marketing agency Savvy.
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But those added costs may have helped to depress retail sales during the holiday season, as consumers faced higher clothing price tags at the same time they were having to pay more for food and gasoline.
With the increase in importance of supermarkets as a sales outlet for organic products, lower retail prices might depress farmgate prices, and consequently negatively influence producers benefits.
It would most likely produce a glut of office and retail space, further depressing rents.
Many stores staff up Dec. 26 to handle the returns processing that has long been the bane of holiday retailing (I always found it depressing to look at negative sales on the intraday flash reports on the 26th).
The company does depress wages in the retail sector.
With retail sales depressed, consumer spending looks set to stay weak in the first three months of 2005.It is easy to see why consumers have become more cautious.
It was the lack of a cohesive marketing strategy combined with a flattening out of the retail market that depressed the stock, which last October was trading at less than $9.
"Wintry weather conditions persisted deep into March, depressing spring apparel, home and garden and seasonal merchandise sales," said Ken Perkins, president of Retail Metrics.
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