February retail sales drop as increase in high street casualties increase

May 2003
Management Services;May2003, Vol. 47 Issue 5, p9
Academic Journal
Figures issued by the Office of National Statistics and analyzed by Grant Thornton's Recovery and Reorganization practice revealed that retail sales in Great Britain plummeted 0.1% in February 2003 after the 1.4% drop in January of the same year. Consumer confidence, which had aided the sector realize excellent growth in 2002, has taken a turn for the worst. It is expected that the retail sector will take the brunt of the increases in the levels of insolvency that is likely to be witnessed as the year progresses.


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