January Retail Sales : was I right? Of course!
Early indications are that UK retail sales slumped in January. Figures from the Confederation of British Industry confirm that spending was down much further than has been predicted. It’s a pattern I predicted, and have seen with my own shops. The general consensus however remains positive, although it is probably the usual ‘talk down the problems and nobody dare say the world reces***n’.John Longworth, Asda's director and chairman of the CBI's DTS panel, said, "As retailers had feared the spending surge seen in December was short-lived and not sustained into the New Year. However, sales in January were the least negative for eight months, with the exception of Christmas. Looking ahead, expectations for growth are the strongest since May but sales remain heavily dependent on price discounts and promotions."
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posted by Paul Fisher @ 9:19 am
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