British retail sales bounced back much more strongly than expected in April, despite cold weather dealing a big blow to spring clothing sales compared with last year, official figures showed on Thursday.
British clothing retailer Next warned that its sales could fall as much as 3.5 percent this year if current trends continue, hitting profits, on concerns over a possible further slowdown in consumer spending.
British retail sales fell at the sharpest rate in more than four years this month, after cold weather turned shoppers away from new spring and summer clothes, the Confederation of British Industry said on Wednesday.
A recent survey by the Confederation of British Industry revealed that retail sales growth dropped slightly in the year to February 2016, with expectations of sales for March being at the lowest since May 2013.
Britain’s new apprenticeship levy, which will see large employers pay to fund new apprenticeships from April 2017, could lead to significant job losses, said director general of the CBI, Carolyn Fairbairn.
John Lewis , Britain's biggest department store group, said on Friday its sales rose 2.6 percent year-on-year in the week to Nov. 21, though the firm noted shoppers were planning ahead for "Black Friday" Nov. 27 disco...