We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedRisk

Retail sales fall slightly in April

The CBI recorded a slight dip in sales for April but retailers were optimistic for May

Article comments

Retail sales fell slightly in April but were in line with expectations for the time year as the UK economy slipped once again into recession, according to the latest survey.

A total of 33 percent of retailers saw a rise in sales compared to a year ago, while 39 percent reported a fall, with the resulting negative balance of -6 percent, according to the CBI’s latest monthly distributive trades survey.

However retailers were positive forecasting a rise in sales volumes next month, with the expectations balance at its highest +19 percent since February 2011 when it reached +25 percent, the CBI said.

Orders also fell slightly compared to a year ago, but retailers expect orders will grow in May to reach a level of +6 percent, according to the business lobby group’s survey.

Grocers suffered the most reporting a decline in year-on-year sales of -19 percent for the first time since November 2011.

Meanwhile, furniture and carpets reported a year-on-year rise in sales for the third consecutive month. Clothing, footwear and leather also saw solid growth, the survey found.

“If as expected, inflation falls further later this year, we may see some growth in retail sales, but as long as high unemployment and sluggish wage growth dampen confidence, spending will remain tight,” said Judith McKenna, chairman of the CBI distributive trades panel and Asda COO


Recommended Articles


Retail sales fall slightly in April

How Nokia helped and hindered Microsoft's earnings

How Nokia helped and hindered Microsoft's earnings

The Nokia Devices and Services business helped boost Microsoft's revenue, but hurt profitsmore ..

Lords: Google cannot decide what data should be forgotten

The EU's right to be forgotten ruling 'must go'more ..

Bankers may face seven-year clawback on bonuses

New rules could mean bankers could have their bonuses clawed back up to seven years after they received them if appropriatemore ..

Fraudsters get younger as tech savvy youth fund extravagant lifestyles

“Youth doesn’t always equal innocence” says KPMG fraud expertmore ..

Can shaky cyber security scupper an M&A deal?

In M&A a cyber attack on a target company could have a material impact on its valuemore ..

Why CFOs are changing their thinking on sustainability

Pernod Ricard CFO Gilles Bogaert has nailed his 'green' colours to the mastmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *