High street sales fell sharply this month and at their fastest rate since December 2008, leaving sentiment “crumbling” among retailers.
A survey by the CBI employers’ group found that retail sales volumes and orders deteriorated in August as bricks and mortar shops continue to struggle.
While non-store retailers posted a rise in sales, internet growth was also depressed below its average, suggesting that consumer confidence is weakening rather than just shifting online.
High street sales fell sharply this month and at their fastest rate since December 2008, leaving sentiment “crumbling” among retailers.
A survey by the CBI employers’ group found that retail sales volumes and orders deteriorated in August as bricks and mortar shops continue to struggle.
While non-store retailers posted a rise in sales, internet growth was also depressed below its average, suggesting that consumer confidence is weakening rather than just shifting online.
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