Retail & Wholesale

Retailers look on sunny side despite sales slip

Shoppers turned more frugal this month, cutting back on groceries after a bumper May, according to the CBI's latest industry survey. Its retail sales balance fell to +29 in June from +51 in May, with the slowdown driven mostly by the grocery sector, where volumes were flat in the 12 months to date. 44% of the survey's 131 respondents said volumes were up and 15% said they were down, giving the +29 reading. Barry Williams, a senior Asda executive and chairman of the CBI survey, said: 'Summer is a time of optimism for retailers and this year is no different. Even though growth slowed slightly this month retailers are not letting that subdue their hopes for the season'.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?