Retailers enjoy summer sales boost
Retail sales growth picked up in the year to July, exceeding expectations for minimal growth and driven by strong performances from clothing shops and grocers.
According to the latest monthly CBI Distributive Trades Surve of 111 firms, of which 57 were retailers, the volume of sales grew at a healthy pace, while orders placed on suppliers rose for a second consecutive month. Overall, sales for the time of year were considered to be slightly above seasonal norms.
Looking ahead, retailers expect steady expansions in both sales and... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
