EziaNews
High-street sales fall in January as shoppers rein in spending across the board
[26 January 2012, the Confederation of British Industries (CBI)] Retail sales fell in the year to January, after modest growth last month, and sales were considered poor for the time of the year, the CBI said. According to the latest monthly CBI Distributive Trades Survey covering the first two weeks in January, 44% of retailers saw sales volumes fall on a year ago, while 22% reported a rise, giving a balance of -22%. This was the lowest since March 2009 (-44%), but was broadly in line with expectations (-18%).
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