Sales rise for one third of retailers in September so far - ToyNews

Sales rise for one third of retailers in September so far

Overall sales volumes grow slightly in the year to September, reports CBI.
Author:
Publish date:
49_retail.jpg

A third of retailers say that sales volumes are up year-on-year.

In the CBI's latest monthly Distributive Trades Survey, 33 per cent said sales volumes were up on a year ago, during the first two weeks of September. 27 per cent said sales had fallen. 

Overall, sales volumes rose six per cent in the year to September. And in the year to October, retail expects faster sales growth of 15 per cent.

Judith McKenna, Chair of the CBI Distributive Trades Panel and Asda Chief Operating Officer, said: "It is encouraging that sales on the High Street have seen a slight rise in the year to September, and that retailers expect growth to pick up further next month.

"However, while the squeeze on family budgets may have eased in the short term thanks to the fall in inflation, ongoing economic fragility, reflecting uncertainty around the international outlook, could affect household spending later in the year." 

Want to receive up to the minute toy industry news straight to your inbox? Click here to sign up for the free ToyNews Daily Digest and Newsflash services. You can also follow ToyNews on Twitter and Facebook.

Related

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.