Acceleration<\/span><\/strong><\/p>\n<\/div>\n<\/div>\nThe poll of 51 major retailers also found that year-on-year retail sales growth has accelerated this month but internet sales fell for the first time on survey records going back to 2001.<\/p>\n
However that compares with a period last year when COVID-19 restrictions forced shoppers away from high streets and onto their computers and mobile devices.<\/p>\n
There were also signs that retailers’ efforts to build up availability of goods in the face of supply chain concerns were paying off, with a measure of stock levels “broadly adequate” for the first time after six months when they have been falling well short of demand.<\/p>\n
CBI lead economist Ben Jones said: “Christmas seems to have come early for retailers, with clothing and department stores in particular seeing a big upward swing in sales volumes in November.<\/p>\n
“It seems likely that reports of supply chain disruptions prompted consumers to start their Christmas shopping early.<\/p>\n
“And there are encouraging signs that retailers’ efforts to help avoid any festive disappointments may be paying off, with stock levels seen as adequate for the first time in seven months.<\/p>\n
“Overall, retailers are becoming more optimistic, with both employment growth and investment intentions picking up strongly.<\/p>\n
“Cost pressures remain a very real concern, however, with selling prices growing at the fastest pace since 1990.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
A CBI report has found that retailers are putting up prices at the fastest rate since 1990. The survey also suggested that sales have been<\/p>\n","protected":false},"author":27,"featured_media":19134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[2462,806,2464,2463,2461,2460,1230],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/neighbourhoodretailer.com\/wp-content\/uploads\/2021\/11\/grocery-1.png","_links":{"self":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/19133"}],"collection":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/comments?post=19133"}],"version-history":[{"count":1,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/19133\/revisions"}],"predecessor-version":[{"id":19135,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/posts\/19133\/revisions\/19135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/media\/19134"}],"wp:attachment":[{"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/media?parent=19133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/categories?post=19133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neighbourhoodretailer.com\/wp-json\/wp\/v2\/tags?post=19133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}