The monthly survey - of 117 firms, including 56 retailers - was conducted between 26 May and 16 June. Across the distribution sector as a whole, it found that stock levels in relation to expected sales reached a record low in June (a question first asked in August 1983), with firms in the retail, wholesale and motor trades sectors all reporting relative stocks as too low. No improvement is expected next month. Within the retail sector, grocers reported that sales remained above seasonal norms, as did sub-sectors related to home improvements (furniture & carpets, hardware & DIY). Department stores saw an upturn ... (full story)