{"id":162590,"date":"2019-11-25T13:31:02","date_gmt":"2019-11-25T13:31:02","guid":{"rendered":"https:\/\/www.theindustry.fashion\/uk-retail-sales-stabilise-ahead-of-key-christmas-trading\/"},"modified":"2021-08-12T14:05:34","modified_gmt":"2021-08-12T14:05:34","slug":"uk-retail-sales-stabilise-ahead-of-key-christmas-trading","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/uk-retail-sales-stabilise-ahead-of-key-christmas-trading\/","title":{"rendered":"UK retail sales stabilise ahead of key Christmas trading"},"content":{"rendered":"<p>The downturn in the UK retail sector has significantly slowed down and shops <strong>could see retail sales growth return next month<\/strong>, according to new figures.<\/p>\n<p><!--more--><\/p>\n<p>The CBI\u2019s monthly survey of British retailers has found that<strong> sales were \u201cbroadly unchanged\u201d in November,<\/strong> after six months of falling demand.<\/p>\n<p>However, the industry was still in decline, with <strong>41% of retailers reporting a decline in sales<\/strong> while 38% of respondents saw a rise, giving a balance of -3 for the month against the same period last year.<\/p>\n<p>Nevertheless, <strong>this was the highest performance in seven months<\/strong> as the run-up to Christmas appeared to improve the situation for high street retailers.<\/p>\n<p>Sales are also predicted to continue to improve, with the CBI saying it <strong>expects a return to growth in December.<\/strong><\/p>\n<p>Retailers said they expect sales volumes to increase for the year to December, with <strong>44% expecting to see a rise in sales<\/strong> and just 23% predicting a decline.<\/p>\n<p>The figures were less positive for online retailers, with <strong>online sales growing at the slowest pace since June<\/strong>, while wholesale sales fell at the sharpest rate in more than seven years.<\/p>\n<p>Suppliers also had less to cheer about as they saw the number of<strong> new orders fall for the seventh consecutive month<\/strong> in annual terms.<\/p>\n<p>Anna Leach, deputy chief economist at the CBI, said: \u201cRetailers are<strong> entering the festive season with a bit of hope<\/strong> that sales will head up, with the strongest expectations in half a year.<\/p>\n<p>\u201cActual sales have also stabilised and have nudged above average for the time of year and <strong>employment has stopped falling after three years of decline.<\/strong><\/p>\n<p>\u201cBut <strong>Brexit uncertainty continues to weigh on investment plans<\/strong> for the year ahead which remain weak.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":68,"featured_media":151831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[15147,46,13737],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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