Slim pickings on high street – unless you're a grocer
Wednesday 29 February 2012
Families are still splashing out on the weekly food shop but increasingly headed online for other goods during February, leaving slim pickings for the rest of the high street.
The CBI's latest distributive trades survey showed a 2 per cent balance of retailers reporting declining sales volumes in the first two weeks of the month, but fortunes were mixed.
Grocers and non-store retailers were by far the strongest performers, but clothing shops had their worst month since March 2009, while household goods, hardware and DIY sales remain becalmed in the doldrums
Judith McKenna, the chair of the CBI Distributive Trades Panel and Asda's chief operating officer, said: "Consumers are clearly continuing to focus their spending on day-to-day needs, rather than big-ticket or luxury items.
"With disposable incomes under constant pressure, retailers remain concerned about the general business outlook for the rest of 2012," she added.
In a separate report, Tesco registered its lowest market share since May 2005, at 29.7 per cent for the 12 weeks to 19 February, according to Kantar Worldpanel.
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 How the language you speak changes your view of the world
General Election 2015: Fishing is on Nigel Farage's mind as he casts a line to the disaffected of Grimsby
The man who filmed the Freddie Gray video has been arrested at gunpoint
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...