The Olympics

The Olympics

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News, information and stories about the PyeongChang Winter Olympic Games and the Olympics in general.

Thursday, September 20, 2012

Olympics Depress Retail Sales

Unsurprisingly, the recent Olympics had a depressing effect on retail sales (as people stayed at home to watch the Games).

The Office for National Statistics reports that retail sales fell by 0.2% in August compared to July.

Despite the fact that people stayed at home, online sales were worst hit (falling by 0.9%). Online retailers are of the view that people were so "enthralled" watching the Games on the TV, that they stayed away from the PCs.

Really?

I am not so sure, many will have watched the Games online.
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