Jubilee boosts retail figures

27 June, 2012

The Jubilee gave retailers a sales boost in June according to the Confederation of British Industry.

Its distributive trades survey conducted in the first two weeks of the month showed 58% of stores reporting higher sales volumes than a year ago, against just 17% seeing a fall.

The CBI said the survey was the most positive since December 2010, with grocers recording the best figures.

Asda chief operating officer Judith McKenna, who is also chair of the CBI’s distributive trades panel, said: “The Jubilee provided a much-needed boost to our high streets.

“However, it is notable that sales were still considered to be below par for the time of year.

“Weak consumer confidence and uncertainty over the economic outlook are still putting a brake on consumer spending across the whole retail sector.”




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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