New figures released today report that retail sales in November are up 0.3% on last year & Octobers sales data have been revised up to 0.7% growth. Really great news for the retail sector who will have expected a really tough Christmas. Increased sales means less need for discounting of Christmas stock, with the consequent increased margins helping the health of many retailers greatly.
Whilst this is great news I wonder quite what Decembers figures will hold. Of course given the volume of sales that is usual in December any small rise or fall in percentage terms can be significant in £ terms. The impact of the less than favourable weather on key Christmas shopping days does not so far bode well.
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