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Sales Growth Predicted to Continue Through Easter
Listed under: News
Published: Wednesday, March 24, 2010
Sales on the high street have grown this March, seeing 39% of retailers in the UK report a significant surge in their takings over the past few weeks, according to a recent survey from business support group, the CBI.
The report reveals that 14% of retailers expect to see their sales outperform 2009 come April, with only 6% of companies describing their footfall as poor for this time of year
Commenting on the findings, Andy Clarke, chairman of the CBI Distributive Trades Panel and chief operating officer of Asda, says, “Despite not matching the strength seen in February, it's encouraging that high street sales have continued to grow this month. The outlook for Easter may still be positive but, with a weak economy and pay freezes for many, consumers are likely to remain cautious for some time.
“While grocers continue to outperform relative to other parts of the high street and sales of some big-ticket household goods are still growing strongly, hardware and DIY seem to be struggling. Conditions will stay tough on the high street for some time, and shoppers will be holding their breath for the budget,” he warns
The report reveals that 14% of retailers expect to see their sales outperform 2009 come April, with only 6% of companies describing their footfall as poor for this time of year
Commenting on the findings, Andy Clarke, chairman of the CBI Distributive Trades Panel and chief operating officer of Asda, says, “Despite not matching the strength seen in February, it's encouraging that high street sales have continued to grow this month. The outlook for Easter may still be positive but, with a weak economy and pay freezes for many, consumers are likely to remain cautious for some time.
“While grocers continue to outperform relative to other parts of the high street and sales of some big-ticket household goods are still growing strongly, hardware and DIY seem to be struggling. Conditions will stay tough on the high street for some time, and shoppers will be holding their breath for the budget,” he warns
