CBI Distributive Trades - Barclays Corporate comment
26 Jan 2012 10:36 GMT
Richard Lowe, Head of Retail & Wholesale at Barclays Corporate comments on today's CBI Distributive Trades data.
"January was always going to be a slow month and coupled with this week’s GDP figures there is little to boost the current mood on the high street. However, retailers have been here before, back in 2008/2009, when the UK economy previously shrank. The difference this time is that retailers are running with tighter stock levels, many have sorted out their capital structures and everyone is working hard to preserve margins”.
About Barclays Corporate
With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit www.barclayscorporate.com.
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