Worst retail performance for 25 years

Wet weather and difficult trading conditions have resulted in the worst retail performance for 25 years, according to the CBI Distributive Trades Survey.

The retail industry body found that, for 60 per cent of retailers surveyed, sales in the first half of August were lower than a year ago, while just 13 per cent said they were up.

Andy Clarke, CBI distributive trades panel chairman and Asda retail director, said:

"This has been a summer that many retailers would rather forget.    "The downturn in the housing market is continuing to depress sales for those shops selling big-ticket items."


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