British retailers quizzed by the Confederation of British Industry in June had 58 per cent saying sales volumes dropped as compared to this time last year; 16 per cent claimed sales had increased, thus giving a reading of -42. Far lower than any estimate, lower than May’s -27, and the lowest reading by far bar December 2008’s -55. Non-store retailers, such as internet and catalogue, saw an increase in sales volume this June. Over at UK supermarkets, the trend continues, with Asda, Morrisons and Sainsbury’ losing a little market share, Tesco and Waitrose’s proportion flat to June 16th, Coop up 3 per cent, and the German discounters showing sales growth of 7.5 and 9.3 per cent.
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