Essential reading for retailers and suppliers in the home improvement market

High street sales up in September

Published: 29 September 2010
60% of retailers report sales increase, with furniture and carpets seeing solid growth.
High street sales up in September
The increase in high street sales in September surpassed expectations and represents the third consecutive year-on-year increase, with retailers confident of another strong rise in sales in October.

60% of retailers surveyed in the CBI's Distributive Trades Survey, said that the volume of sales rose during September, while 11% said that sales fell. The balance of 49% was the highest balance since May 2004 and compares with an expected figure of 39% last month.

Sales volumes were also above average for the time of year for the first time since 2007. The clothing and footwear sectors saw particularly strong sales growth, while solid sales growth was also recorded in the furniture and carpets sector.

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

CBI chief economic adviser Ian McCafferty said: "High street sales have performed well again this month, with growth better than retailers predicted. ...Clothing and footwear sales in particular look to have been boosted by the launch of new autumn ranges."

He added: "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."

Comments


(Your email address will not be published)
7 + 5 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories