Retail Sales At Record Low
According to the British Retail Consortium (BRC), March 2011 was the worst month for high street spending since record began in 1996.
The BRC statistics have shown a drop of 1.9% in sales compared with a year ago. The only sector which has shown growth was internet sales which was up 7.5% on last year.
The BRC said, “uncomfortably high inflation and low wage growth have produced the first year-on-year fall in disposable incomes for 30 years”.
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