'Retail conditions still tough' - CBI

04 May, 2011

High street sales volumes rose in April but the pace of growth remains “subdued” according to the employers' organisation the CBI.

The organisation’s distributive trades survey showed that 12% of retailers reported sales to be good against 35% who said they were poor.

CBI chief economic adviser Ian McCafferty said: “This survey shows things are far form rosy on the high street.

“For the third month in a row, retailers considered sales to be unseasonably poor, stocks are running quite high and orders with suppliers are expected to fall.

“With few signs of demand picking up rapidly in the coming months, conditions on the high street look like remaining tough for retailers.”




Bookmark this


Site Search

COMMENT

Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter