Retail sales flatline in January, according to data from the CBI

Retail sales flatline in January, according to data from the CBI

They predict it could be a tough year for retailers

Retail sales fell flat in January as high street retailers suffered a bruising start to 2019, according to new figures.

The CBI's monthly distributive trends survey showed that retailers saw sales volumes flatline for the third month in a row.

It said Britain's high street will brace itself for "another tough year for the sector", as it predicted sales would remain flat through February.

Sales were "poor for the time of year", the CBI said, predicting they will remain below seasonal norms for the year to February.

Anna Leach, deputy chief economist at the CBI, said: "Both official data and business surveys are painting a picture of subdued activity for retailers.

"A challenging Christmas has extended into the New Year, with little expectation of any improvement soon."

Department store sales were particularly good during the month, but were offset by weaker performances by DIY retailers and furniture shops.

The survey data also revealed that orders placed with suppliers fell as retailers maintained high levels of stock.

Published: by Radio NewsHub
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