Retail market sees an increase in sales

In a report by Ian McConnell for the Herald Scotland he describes how “UK retail sales grew at their fastest year-on-year pace for more than a quarter-century in the two weeks to December 11, with the Black Friday shopping extravaganza adopted from the US playing a major part….” a survey has revealed. His report also goes on to say that “Looking ahead to January, a balance of 35 per cent of retailers predicted year-on-year growth in sales volumes”.

This sounds like positive news for the British retail industry and Barry Williams, chairman of the Confederation of British Industry (CBI) trades survey panel says that “The strongest sales growth for a quarter of a century is a big boost for retailers as they head towards the climax of the crucial pre-Christmas trading period” So let’s hope this is a good sign for future long term growth.

To read the full report click here