Another Poor Month for High Street Retail
The British High Street has experienced a terrible November as far as trade is concerned. Sales have plummeted pushing many more shops on the brink of bankruptcy.
High Street sales have been down for over a year now, with only a small growth seen since November 2008. After October’s unexpected growth retailers became more optimistic for the end of the year. Now the whole trading year rests on the Christmas shopping period.
Food inflation has been blamed for poor high street sales. People just cannot afford any extras now.
Many people are still hopeful that Internet sales as we approach Christmas will help many small businesses out of the doldrums. Many online shops are offering attractive discounts to entice buyers.
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