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Christmas comes early for retailers
Retailers reported that sales in November were good for the time of year and to the greatest extent since September 2015, according to the latest CBI quarterly Distributive Trades Survey. Retail sales are expected to remain above seasonal norms to broadly a similar extent next month. The survey of 125 companies, including 51 retailers found that year-on-year retail sales growth accelerated in November, while internet sales fell for the first time in survey history (question first asked in 2001). Both results will be affected by base effects, reflecting the tightening of Covid-19 restrictions in November 2020, which ... (full story)