×
2 484
Fashion Jobs
PRETTYLITTLETHING
Senior Affiliate Marketing Executive
Permanent · MANCHESTER
BOOHOO
Ecommerce Trading Executive
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Dublin - 15 Hours - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
Published
Mar 24, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

UK retail sales growth is weak in March as inflation hurts sentiment -- CBI

Published
Mar 24, 2022

British retailers saw their sales dropping this month as higher prices weighed on consumer enthusiasm for spending, a Confederation of British Industry survey showed on Thursday.


Photo: Pexels



The CBI's monthly retail sales balance dropped to +9 from +14 in February, which was below the +10 that analysts had expected.

And the sales-for-the-time-of-year measure suffered a big fall, plummeting to -23 from +16 last month.

Sales are also expected to remain below seasonal norms (but to a lesser extent) in April at -6%.

Internet sales volumes in the year to March also fell at the sharpest rate since the question was first asked in August 2009 (-46% from -11% in February), although this is in comparison to March 2021 when non-essential retail stores were closed. Internet sales are expected to decline at a modest pace next month (-6%).

The survey covered almost 100 companies, including 38 retailers.

Martin Sartorius, Principal Economist at the CBI, said: “Retailers had a mediocre March, with sales reported as being below seasonal norms. The cost-of-living crisis is looming large across the sector, as households’ wallets are being hit by the fastest rate of inflation in decades.

“The Chancellor’s Spring Statement outlined new support for those on low incomes amid these financial challenges. But further action will be needed to galvanise consumer confidence, shore up incomes, and support spending on UK high streets in the tough months to come.”

Copyright © 2022 FashionNetwork.com All rights reserved.