Saturday, January 16, 2010

BBC News - Christmas retail sales 'not so buoyant'

The widely reported success of the UK retail sector over the Christmas period may not be as buoyant as the figures suggest, a study has warned.


Retailers from John Lewis to Sainsbury's, and Tesco to Poundland all reported strong sales over the Christmas period.

Verdict retail analyst Matthew Pinner said: "Big, high-profile collapses such as Woolworths have had all the coverage, but the relentless closure of small stores has done just as much to push up vacancy rates.

"This has freed up extra sales which have been absorbed by the bigger stronger players, lifting their sales."

BBC News - Christmas retail sales 'not so buoyant'

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