Talking Retail Grocery and product news for independent retailers
The CBI’s latest monthly Distributive Trades Survey shows that grocers were the primary driver of the expansion, with the overwhelming majority reporting rising sales volumes. On average sales at grocery stores were up by 10%, the study reveals.
In addition, the volume of sales is expected to be broadly stable in the year to October, and firms think the level of sales will remain average for the time of year.
Ben Jones, CBI principal economist, said: “The latest results suggest that the recovery in retail spending over the summer months has continued into September, which is welcome news, but retailers appear cautious over the near-term outlook.
“The data highlights that there have been clear winners and losers within the retail sector as spending habits have changed. While some sub-sectors are thriving, others are still facing desperately difficult times.
“With social distancing measures tightening again, those working in the hardest-hit sectors will be fearing the worst. It’s clear that targeted support measures will be needed to ensure that viable businesses can emerge intact on the other side of this crisis.”
