Festive Sales in Dip Say Retailers
SALES for the Christmas season have been "below par" as families try to make their budgets stretch as far as possible, the CBI said yesterday.
Its distributive trades survey revealed the balance of retailers reporting that sales were up year-on-year fell back to a worse-than-expected 19% this month, from a five-month high of 33% in November.
Recreational goods, such as toys, books, games and sportswear were the biggest contributor to the decline and there was also a big decline in sales of "big ticket" items for the home such as fridges and washing machines.
CBI's panel chairman Judith McKenna said it was notable that sales volumes were below par for the …
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Publication information:
Article title: Festive Sales in Dip Say Retailers.
Contributors: Not available.
Newspaper title: The Journal (Newcastle, England).
Publication date: December 20, 2012.
Page number: 26.
© 2009 MGN Ltd.
COPYRIGHT 2012 Gale Group.
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