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UK’s Clothing retail sales index falls in February
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UK, 28 February 2012
Sales at UK clothing retailers in February fell at their fastest pace in nearly three years, a survey showed. Overall, retail sales volumes in the first half of February were little changed from last year according to the latest distributive trades survey from the Confederation of British Industry (CBI), but were better than expected.
Clothing retailers reported a balance of -41 per cent, the lowest figure since March 2009. Department store sales also fell at their fastest pace since May 2010.
Separately, a survey showed British consumer confidence down at levels last seen in the wake of the 2008 recession for the final quarter of 2011.
The biggest concerns over the next six months were the economy, increasing utility bills, job security and debt, according to the consumer confidence survey from Nielsen and the British Retail Consortium (BRC).
With the downturn now deeper than expected and the recovery slower, the proportion of shoppers believing Britain will be out of 'recession' in the next 12 months remains at only 11 per cent.
Source: www.just-style.com
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