UK shoppers spent less than usual in the first half of December, according to research published today.
The research, published by CBI, revealed that sales experienced a slowdown compared to the growth experienced throughout the rest of the year. A balance of 18% of respondents said sales had been low for the time of year. A balance of 19% said sales had improved compared to this time last year, but with improvements seen earlier in the year analysts had been expecting 25% of businesses to have experienced a growth in sales.
However, it was good news for three of the 13 sectors included in the poll: grocers, clothes shops and furniture sellers all reported a rise in sales over the last month.
Anna Leach, CBI Head of Economic Analysis, said: “This month’s survey hasn’t quite provided the Christmas cheer that retailers anticipated, with sales growth falling short of expectations. Clearly, weak spending power and uncertainty over the economic outlook are likely to remain key risks to the retail sector in 2013.”
Do you own a small retail business? Have you been disappointed with sales in the run-up to Christmas? Let us know in the comment box below.