'Retail conditions still tough' - CBI
Published:
04 May, 2011
High street sales volumes rose in April but the pace of growth remains “subdued” according to the employers' organisation the CBI.
The organisation’s distributive trades survey showed that 12% of retailers reported sales to be good against 35% who said they were poor.
CBI chief economic adviser Ian McCafferty said: “This survey shows things are far form rosy on the high street.
“For the third month in a row, retailers considered sales to be unseasonably poor, stocks are running quite high and orders with suppliers are expected to fall.
“With few signs of demand picking up rapidly in the coming months, conditions on the high street look like remaining tough for retailers.”
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