Log In

Reset Password

Bad year for retailers

Retailers suffered a hard winter with retail sales falling by 5.8 percent after adjusting for the rate of inflation for November 2008, according to the latest statistics released by Government today.

The Department of Statistics’ Retail Sales Index report revealed that sales volume dropped for nine of the first 11 months of last year.

Construction was one of the hardest hit sectors, with building material stores seeing gross receipts declining by 4.3 percent in November compared to the same time in 2007.

For full story see tomorrow’s The Royal Gazette.