Comment on the Confederation of British Industry (CBI) Distributive Trades Survey for May 2009
A
Barclays Group product story
Edited by the Insidemoneytalk editorial team
Jun 26, 2009
Richard Lowe, Head of Retail and Wholesale, Barclays Commercial Bank said:
"The May figures from the CBI reaffirm suspicions that the retail sector is being held in a stationary pattern with little indication of an upward or downward trend.
Retailers are looking to drive sales and hope to attract greater footfall during the current sales.
"A shift to internet sales could be the break to the current holding pattern retailers are looking for.
The recent recovery in the strength of the pound vs the Euro and US$ is also most welcome.
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