BBC HomepageWorld ServiceEducation
BBC Homepagelow graphics version | feedback | help
BBC News Online
 You are in: Business
News image
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 
News image

Friday, 22 September, 2000, 17:13 GMT 18:13 UK
Fuel crisis hits retail sales
John Lewis store on London's Oxford Street
John Lewis: overall sales down, food sharply up
Fresh evidence of the impact on business of the recent fuel crisis emerged on Friday as the British Retail Consortium reported that retail sales had fallen more than �200m ($293m) last week.

The drop came despite panic food buying which caused a �44m surge in food and drink sales.

The BRC said that overall retail sales were 6% lower in the week ending 16 September as consumers stayed at home to preserve petrol.

Economists said the impacts of one-off shocks were usually short-lived for retailers, with purchases merely delayed.

September slowdown?

The recent fuel crisis could cause a slowdown in retail sales in September following the unexpectedly strong 0.6% rise in August, they said.

But any downturn in growth would be likely to be reversed by the fourth quarter.

The impact of the fuel crisis would probably be more keenly felt in manufacturing industry where disruptions to supplies and deliveries would take longer to iron out, economists said.

Also on Friday, department store business The John Lewis Partnership reported a 10.3% fall in sales for the same week.

In figures that mirrored the industry-wide trend, food sales at the firm's Waitrose stores were much stronger, rising 24.9%.

News imageSearch BBC News Online
News image
News image
News imageNews image
Advanced search options
News image
Launch console
News image
News image
News imageBBC RADIO NEWS
News image
News image
News imageBBC ONE TV NEWS
News image
News image
News imageWORLD NEWS SUMMARY
News image
News image
News image
News image
News imageNews imageNews imageNews imagePROGRAMMES GUIDE
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories



News imageNews image