Warning: Christmas shoppers on Oxford Street
Shoppers on London's Oxford Street on the last Sunday before Christmas Day. PRESS ASSOCIATION Photo. Picture date: Sunday December 22, 2013. Photo credit should read: Stefan Rousseau/PA Wire
23 January 2014
A mild January has hit clothing sales in a mixed start to the New Year for the High Street, the CBI said today.
Its latest distributive trades survey showed a net balance of 55% of clothing and footwear retailers reporting lower sales against a year earlier.
Overall sales were modestly up on last year as furniture stores and grocers fared better but shoppers remain “cautious”, the CBI said.
Tightening household budgets were underlined by a record Christmas week for discount retailer Poundland, which served more than seven million customers. Nearly a quarter of its shoppers are now middle class, it said.
