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News - 8 May 2014

Further growth expected in retail sector

The CBI (Confederation of British Industry) latest findings show and have shown year-on-year growth for the fifth consecutive month.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The CBI’s findings show that they are expected to grow at an even faster pace next month, with 48% of the retailers surveyed expecting sales to rise, compared to only 5% who expect them to fall.  Of the different retail sectors, grocers, footwear & leather and hardware & DIY recorded particularly strong annual sales growth. Internet retail sales also continued to perform strongly, with the volume of sales rising at the highest annual rate since November 2012.”

Barry Williams, Chair of the CBI Distributive Trades Survey Panel, said:
“The high street has a spring in its step – retailers performed well in April and enjoyed a strong rise in sales compared with this time last year. It’s a welcome rebound from March, largely down to the later timing of Mother’s Day and Easter.

If you need any help and advice on SME or the retail industry strategy, contact Lavinia Newman or Peter Ham now to discuss how ABDS can help bring their experience to these matters.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals

Helping Your Business is Our Business
 

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