Retailers boosted following higher than expected sales
Thursday 24 January 2013
The high street earned some respite from a nightmare start to the year, as the CBI reported far stronger than expected sales during the first half of January.
Fears for the retail sector have been mounting in the wake of the collapse of a succession of big names such as HMV, Blockbusters and Jessops while official figures – showing a surprise, 0.3 per cent slide in sales during the crucial, pre-Christmas period – increased the misery.
But the CBI's distributive trades survey for the first fortnight of the new year showed 41 per cent of retailers enjoying higher sales volumes against 24 per cent seeing a fall. The resulting 17 per cent balance was much better than the 10 per cent pencilled in by the City, although prospects for the second half of January look far less certain after heavy snowfall across much of the country.
The CBI said grocers saw a ninth-successive month of year-on-year sales growth, making up for falling volumes and weaker growth elsewhere. Clothing retailers had their worst month since August while sales of big-ticket household goods also continued to fall.
Judith McKenna, chair of the CBI's distributive trades panel and Asda's chief operating officer, said: "Despite mixed news from the high street over the last few weeks, strong sales growth in the grocery sector has added a touch of sparkle to overall retail sales."
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 Christians: The world's most persecuted people
- 3 The secret report that helps Israelis to hide facts
- 4 Danish TV reporter is all business up top, all party down below
- 5 Denmark bans kosher and halal slaughter as minister says ‘animal rights come before religion’
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Israel-Gaza conflict: The children were playing in the street with toy guns. The missiles were tragically real
Danish TV reporter is all business up top, all party down below
Syria conflict: Syrian and Turkish Kurds unite to battle Isis threat - ‘We shoot them like sheep, but next day double the number return’
Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...