Christmas trading is expected to peak later

[Fibre2fashion]

British Retail Consortium announces retail sales report of November 2010. UK retail sales values were up 0.7% on a like-for-like basis from November 2009. On a total basis, sales were up 2.8% against a 4.1% increase in November 2009. Clothing Accessory and footwear also had a better month, helped by colder weather. Stephen Robertson, Director General, British Retail Consortium, said: “It’s been another tough month. Total sales growth has been weak now for eight months in a row and, given that VAT has pushed up annual inflation boosting sales values, underlying volume growth is virtually zero. “Customers are cutting back because they’re worried about prospects for their own jobs and personal finances. Non-food sales are being hit hardest. But, if there is good news, it’s that the cuts outlined in the Government’s Spending Review have not made things worse. Read more about Christmas trading is expected to peak later @ Fibre2fashion