'Retail decline stable' – CBI

28 September, 2011

The volume of retail sales in September is lower than a year ago, but the pace of decline has stabilised says business organisation the CBI.

Its latest distributive trades survey found 24% of retailers reporting a rise in volumes, while 39% said sales had fallen.

The balance of -15% is the lowest since May 2010 but only slightly down on August.

The three-month average – which irons out seasonal volatility – was -11%, the fastest rate of decline since August 2009.

Judith McKenna, chief operating officer at Asda and chair of the CBI distributive trades panel, said: "High street sales are sluggish but appear to be stabilising.

"Shoppers are still clamping down on discretionary spending and focused on buying the basics at the best price."




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In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

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