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Retail Sales Continue to Grow
Listed under: News
Published: Wednesday, April 28, 2010
The number of people shopping on the high street rose for the third consecutive month this April, with experts predicting a further increase in May, according to a recent report from business lobbying group, the CBI.
The findings, which show that up to 43% of retailers saw their sales volumes grow substantially year-on-year, reveal that only 30% of businesses experienced poorer results in comparison to 2009.
Grocers, household goods stores and leather shops were the most buoyant, with hardware, china and DIY retailers seeing their sales stabilise after three months of decline.
Commenting on the report, Andy Clarke, chairman of the CBI Distributive Trades Panel, and chief operating officer of Asda, says, “Spring has landed on the high street with some modest, but welcome sales growth, and that improvement is expected to carry on into early May.
“Grocers and shoe shops fared reasonably well in April, and the lift in the housing market seems to have fed through to sales of white goods and furniture. However, the UK economy remains in a fragile place, and last week's higher unemployment figures will have unsettled many shoppers.”
The findings, which show that up to 43% of retailers saw their sales volumes grow substantially year-on-year, reveal that only 30% of businesses experienced poorer results in comparison to 2009.
Grocers, household goods stores and leather shops were the most buoyant, with hardware, china and DIY retailers seeing their sales stabilise after three months of decline.
Commenting on the report, Andy Clarke, chairman of the CBI Distributive Trades Panel, and chief operating officer of Asda, says, “Spring has landed on the high street with some modest, but welcome sales growth, and that improvement is expected to carry on into early May.
“Grocers and shoe shops fared reasonably well in April, and the lift in the housing market seems to have fed through to sales of white goods and furniture. However, the UK economy remains in a fragile place, and last week's higher unemployment figures will have unsettled many shoppers.”
