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Conditions ''remain difficult for retail sector''

1 September 2010
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Conditions ''remain difficult for retail sector''The retail industry is witnessing signs of recovery, but conditions for the sector remain difficult, one expert has declared.

British Retail Consortium (BRC) spokesman Richard Dodd stated that although consumer confidence has improved slightly, many people remain reluctant to make significant purchases.

Those involved in continuous improvement programmes in the retail industry may be interested to learn that his remarks come after the GfK NOP Consumer Confidence Index climbed by four points month-on-month during August 2010 to 18.

Mr Dodd said that the increase could be attributed to the fact that the full impact of government spending cuts has not yet occurred.

He explained: "We are experiencing a bit of an interim period where the intense speculation about cuts that we've had in the media has eased off slightly."

The specialist added that the rise in August followed a poor index rating for July, although he welcomed the fact that consumer confidence went up last month.ADNFCR-3058-ID-800047757-ADNFCR
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