CBI Distributive Trades – Barclays comment

30 Jul 2012 11:34 GMT

Richard Lowe, Head of Retail & Wholesale at Barclays comments on today's CBI Distributive Trades data:

“It’s good news for retailers that sales rose for the third consecutive month, but with growth easing the high street will have to fight hard for consumers' cash in the coming weeks.

“In London, we have seen retailers clearing summer stock to make way for autumn lines in time for the arrival of the 2012 games shopper. Elsewhere in the UK, retailers have been rushing new lines in to make the most of the eight-week shopping bonanza, now that Sunday trading laws have been scrapped until the end of the games”.


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.