|
Trade News Archive 2009
January February March April May June July
Subscribe to our newsletter Go to The Wholesaler UK Directory
1st June 2009
CBI posts negative retail figures
Retail sales fell in the year to May following a turn-up in April, the Confederation of British Industry (CBI) has claimed.
However, figures from the organisation's Distributive Trades Survey revealed that the decline was in line with expectations and that the fall was the smallest in almost a year.
According to the research, 31 per cent of retailers reported a year-on-year increase in sales volumes, while 48 per cent posted a decline.
The overall balance of -17 per cent was the smallest drop - excluding the three per cent rise witnessed in April 2009 - since June 2008 (-9 per cent).
Andy Clarke, chairman of the CBI's Distributive Trades Panel, said: "The harsh reality is consumers need good reason to part with their hard-earned cash.
"Demonstrating you offer value for money as a retailer has never been more important, and marks out the true survivors."
According to a survey by Experian, the recession has prompted 25 per cent of consumers to take more time before making a purchase, while 80 per cent are being more scrupulous over prices and the quality of services offered by retailers.
(c) 2009
Comment on this news story
Trade News Archive 2008 December November October September August July June May April March February January
|
