UK retailers brace for sharper sales decline in March: CBI
The UK retail sector continued to decline in February, with sales volumes falling -23 per cent year-on-year, marking the fifth consecutive drop, per the CBI survey. March is expected to see a steeper -30 per cent decline. Retailers are cutting jobs and investments, with headcount down -15 per cent. Online and wholesale sales also fell.
The UK retail sector continued to decline in February, with sales volumes falling -23 per cent year-on-year, marking the fifth consecutive drop, per the CBI survey.
March is expected to see a steeper -30 per cent decline.
Retailers are cutting jobs and investments, with headcount down -15 per cent.
Online and wholesale sales also fell.
