UK: High street sales flat in March - CBI
UK retail sales on the high street were flat over the year to March, according to the latest statistics released by the CBI.
The CBI's latest Distributive Trades Survey, which covered the first two weeks in March, found that 33% of retailers saw sales volumes increase on the previous year, while the same figure recorded a fall. It said that the results suggest that sales on the high street may be stabilising.
"It is encouraging that sales on our high streets are stabilising and, while we are still not seeing growth, conditions have improved since the end of last year," said CBI Distributive Trades panel chair and Asda COO Judith McKenna.
"However, the general retail outlook remains tough and firms expect volumes of sales and orders to fall next month. The squeeze on people's pockets continues to bite, despite a recent fall in inflation, with wage growth modest and fuel costs remaining high."
Retail sales in the UK during August were flat, according to the CBI's latest Distributive Trades Survey, but business sentiment deteriorated sharply....
High street retailers reported a third consecutive month of rising year-on-year sales and orders in July, the Confederation of British Industry (CBI) said today (30 July), but it said the rate of UK r...
Former Marks & Spencer buying and design director Helen Low will return to Asda in October to take on the role of general manager for design at George at Asda....
Former Mothercare CFO Neil Harrington is set to join clothing and homewares retailer Cath Kidston later this year. ...
The most-read stories on just-style this week include just-style's June management briefing focusing on fast fashion, N Brown announcing the retirement of its CEO and chairman, and a report that Nicar...
Asda has selected a supply chain process platform from provider Manhattan Associates to support the growth of its online business Asda Direct....
UK high street retailers reported a further improvement in sales volumes and orders in the year to June, although sales remained below the levels expected for this time of the year, business organisat...
- Myanmar - right time, right place, new challenges
- 3D printing gears up for fashion industry change
- Apparel working conditions linked to profit
- Morocco plans to grow fast fashion exports
- H&M adds transparency to yarn and fabric mills
- Cambodia growth to slow on competition and cost
- China cotton imports to rise as Xinjiang cuts crop
- Adidas launches "lightest ever" football boot
- Crystal first China licensee of RevoLaze tech
- Thailand project to vertically integrate clothing