You are here: Home - Uncategorized -

Retailers optimistic for the New Year

Written by:

Retail sales suffered a bigger-than-expected drop in January, the Confederation of British Industry (CBI) has said. Leather and footwear shops dropped back the most over the month, but supermarkets like Tesco actually increased their turnover.

“As retailers had feared, the spending surge seen in December was short-lived and not sustained into the New Year,” said John Longworth, chairman of the CBI survey’s panel. “Any pick-up will depend on price discounts and promotions.”

Retail analyst Debbie Harrison said: “The numbers aren’t good, but the drop was one of the smallest for eight months, and I’m confident that sales will recover as we go into the New Year.”



Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Benefits bonanza spurned

More than £7bn in means-tested benefits overseen by the Department for Work and Pensions went unclaimed in 2003-04, according to...