CBI says high street sales remain disappointing

Retailers do not expect shoppers to respond well to Sales

Retailers do not expect shoppers to respond well to Sales

The Confederation of British Industry's distributive trades survey saw 39% of respondents report lower sales for the first half of June against last year. 

However 30% of respondents said sales were above year previous levels, creating a -9% balance. The CBI said the figures for June remained "disappointing" and noted that retailers did not expect shoppers to respond particularly well to the July Sales. 

June's -9% result was an improvement on performance in May which recorded a balance of -14%. In April, the CBI recorded a shocking negative balance at -26%.

Clothing retailers reported a record low on their year-on-year sales growth according to the CBI.


Please note: In order to post a response you need to be registered on the site. You can register here.