Retail sales volumes are down about 5% for the year through June, according to survey data from the latest Confederation of British Industry (CBI) Distributive Trades Survey released Thursday (June 23) — and it looks like more bad news is coming for July. June marks...
Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of British Industry (CBI) reported. And worse could still be to come. According to CBI, internet sales seem to be encroaching...
The U.S. retail picture is bleak in this time of COVID-19. But the U.K. may be even worse. Data from February shows the U.K. economy was already sliding into declines during February, well before the coronavirus and the accompanying lockdowns were a factor. The Confederation...
British consumers appear to be curbing their spending as the impact of the U.K.’s June 2016 Brexit vote continues to take hold throughout the country. Retail sales in the nation fell at the most aggressive rate since July 2016, Bloomberg reports. In addition, 44 percent...
September 23, 2022
Retailers in the U.K. reported a drop in sales for September and expect that trend to continue next month as businesses prepare for the holiday shopping season. A report Friday (Sept. 23) by the Confederation of British Industry (CBI) showed a strong decline in retail sales volume — 20% — after considerable growth in August, […]
June 23, 2022
Retail sales volumes are down about 5% for the year through June, according to survey data from the latest Confederation of British Industry (CBI) Distributive Trades Survey released Thursday (June...
August 25, 2020
Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of British Industry (CBI) reported. And...
August 25, 2017
British consumers appear to be curbing their spending as the impact of the U.K.’s June 2016 Brexit vote continues to take hold throughout the country. Retail sales in the nation...
