It not looking good for the retailers here in the UK. According to a report on the BBC site, retail sales here fell 3.9% in June, after a slight surge in the previous month. No wonder there are sales all the year round but the problem is that not many people are biting the bait.

This is one of the worst figures since 1986.

Interestingly, the sales in the non-store retailing and repair sector sales rose by 6.5%. According to the report, this indicates that "people are mending their existing products rather than buying new replacements".