High Street Sales “sluggish” says CBI

High Street Sales “sluggish” says CBI

The volume of high street sales rose in April compared with a year ago but sales are still “sluggish”, according to the CBI. The findings in the CBI’s latest Distributive Trades Survey, which covers the two-week period from 30 March, revealed that 45% of retailers saw the volume of sales rise in the year to April, while 24% said they fell. Strong performers include clothing and food with household goods, electrical items and footwear doing less well. However, sales in April were considered poor for the time of year — they were the lowest since August 2009. The report says that no growth in sales volumes is expected in May as retailers expect that sales will remain well below seasonal norms. Sarah Cordley, spokesperson for the British Retail Consortium, points out that the CBI survey did no... »