Pieces:Array ( [0] => 2010 [1] => news [2] => business [3] => retail-decline-eases-in-q1 [4] => )

Retail decline eases in Q1

Apr 28th, 2010, 11:57 am

The rate of decline in retail sales in Ireland has eased to 8% for the first quarter of 2010.

A rise in sales in the jewellery, ladies fashion and footwear sectors is helping the positive trend – according to Retail Excellence Ireland.

Menswear was again the worst performing sector in terms of sales, reporting a 12% drop compared with the same period in 2009.

The group says that while the figures mean that sales in the sector are down for the 25th month running, a return to growth is imminent.

Retail Excellence Ireland also says that the current rate of price deflation cannot continue and traders are likely to reassess pricing strategies in future.

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