LONDON
,
February 24, 2022
(press release)
–
Retail sales volumes were above seasonal norms in February, as shoppers returned to the high streets in the wake of Omicron. That’s according to the latest CBI quarterly Distributive Trades Survey. Selling prices continued to grow at a rapid pace in the year to February, however, with a slight acceleration expected in the coming month. The key findings included: This survey included 115 companies, including 46 retailers. Martin Sartorius, Principal Economist at the CBI, said: “The easing of COVID-19 restrictions – including the end of work-from-home guidance – has, unsurprisingly, encouraged shoppers to return to the high streets. “There are other challenges facing retailers, however. Conflict in Ukraine means energy prices and transport costs will rise further, adding more pressure on retailers’ operating costs and biting into households’ spending power.”
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.