Retail sales at seven year high

There are encouraging signs that the high street is on the road to recovery after the British Retail Consortium revealed October saw its best sales figures for seven years. UK retail sales rose 3.8% on a like-for like basis from October last year and 5.9% on a total basis, the highest growth reported for the month since 2002. "As we approach Christmas, optimism is certainly up, particularly compared with the last quarter of 2008 when both total and like-for-like sales were increasingly negative as consumer confidence deteriorated," said Helen Dickinson, head of retail at KPMG. "Retailers will be hopeful that this growth pattern continues and interest rates holding firm should also allow households some breathing space."
 
 
©2007-2012 BWG Commercial Finance Specialists | Terms and Conditions | Terms of Engagement | Web Design by Source