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Sales slow as shoppers shut wallets

The CBI distributive trades survey has revealed that a rise in the number of shoppers buying holiday outfits at the last minute was not enough to stop retail sales growth slowing this month, and the picture is not expected to improve next month. Year-on-year growth in the volume of retail sales fell back slightly from June after May's strong rally, with grocers and department stores reporting flat volumes and footwear and leather goods sales volumes falling. Clothing sales volumes rose at the fastest rate since January.

 

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

 

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