THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
High Street sales grow for third month running - CBI

Sales on the high street were higher than a year ago in September, representing the third consecutive year-on-year increase and surpassing expectations, according to the latest CBI quarterly Distributive Trades Survey. Retailers expect another strong rise in sales next month.

GENERAL MERCHANDISE

High Street sales grow for third month running - CBI

Sales on the high street were higher than a year ago in September, representing the third consecutive year-on-year increase and surpassing expectations, according to the latest CBI quarterly Distributive Trades Survey. Retailers expect another strong rise in sales next month.

Sixty per cent of retailers surveyed said that the volume of sales rose during September, while 11% said that it fell, giving a balance of +49%.
This was the highest balance since May 2004 (+51%), and compares with an expected figure of +39% last month.

Sales volumes (+14%) were also above average for the time of the year for the first time since June 2007.

This increase was also reflected in the volume of orders placed upon suppliers (+39%), which rose strongly again on a year ago, surpassing last month’s prediction of +29%.

The clothing and footwear & leather sub-sectors saw particularly strong sales growth, which are likely to have been boosted by the arrival of new autumn ranges. Solid sales growth was also recorded in the furniture & carpets sector.

Looking to October, a balance of +47% of firms expect a higher volume of sales than a year ago.

Ian McCafferty, CBI Chief Economic Advisor, said, “High street sales have performed well again this month, with growth better than retailers predicted. The bank holiday weekend, combined with the tail-end of summer sales have resulted in a bumper period for retailers.
Clothing and footwear sales in particular look to have been boosted by the launch of new autumn ranges.

“Retailers expect sales growth to continue next month and, as we get closer to January, sales will be helped by households seeking to beat the VAT rise. However, weak prospects for take-home pay mean that consumer spending is likely to be fairly restrained in 2011.”

Sales volumes rose for the second month in wholesaling, but the increase was slower than in August. A broadly similar rise in sales is predicted next month. 47% of wholesalers said that volumes were higher than a year ago and 33% said they were down, giving a balance of +14% which was slightly lower than expected last month (+22).

In the motor trade the volumes of sales were flat on a year ago (a balance of 0%), although this was not as weak as the -21% expected last month. Next month sales are expected to be higher than a year ago (a balance of +18).

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process