CBI survey finds UK retailers record best summer sales in 4 years
“After a generally gloomy 2021 so far, the sun finally shone for retailers in June, with the strongest seasonal sales volumes since November 2016,” said Ben Jones, CBI senior economist.
“It was the latest sign that the success of the vaccination program is translating into increased consumer confidence who, with the reopening of the hotel business, encourages shoppers to return to the streets. But the sector is still far from a full recovery. The return in demand is uneven, with frequentation in city centers still falling, ”he noted in a press release from the CBI.
“The outlook is also clouded somewhat by supply pressures as inventories are deemed too low relative to expected sales as logistics and capacity issues continue to hamper global activity. Even as consumer demand returns, the legacy of bottlenecks on retail balance sheets remains. Many will welcome the extension of the rent moratorium, but more support is needed, starting with the suspension of the reduction in existing tariff relief for businesses, ”he added.
Fibre2Fashion Information Office (DS)
UK retailers reported their strongest seasonal sales in four years, according to a survey of 117 retail businesses by the Confederation of British Industry, which found that between May 26 and June 16, retailers reported the strongest seasonal sales since November 2016. Department store sales were average, while clothing store sales were below average.