Retail sales figures fall but outlook is brighter.
Summary: Retail sales figures fell for the fourth month in a row in August according to a survey out today.Retail sales figures fell for the fourth month in a row in August according to a survey out today. The CBI's trade survey has also shown that the "disappointing" summer figures will continue well into September.
But retailers say they are no longer feeling pessimistic about the long-term outlook for their businesses.
Despite some retailers reporting a drop in sales, and 41 per cent of firms having to make redundancies, the future is looking brighter overall after 18 months of negative feeling from the sector.
Andy Clarke, chairman of the CBI distributive trades panel and chief operating officer of Asda, said: "These results round off a slow and disappointing summer for many in the high street, and the picture is not set to improve in September."
"However, throughout the year retailers have become less and less negative about the business outlook, and that reflects increasing signs of stability in the wider economy," he added.
Independent Television News Limited 2009. All rights reserved.
Independent Television News Limited 2009. All rights reserved.
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| Publication: | Independent Television News Limited (ITN) |
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| Date: | Aug 28, 2009 |
| Words: | 198 |
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