Retail Records More than Expected for Third Continuous Month

Online, April 30, 2010 (Newswire.com) - London (Shakespeare Finance): According to the recent reports provided by the retailers in the country, the sales have continued the positive trend for the third month in a row. This is because of the buyers' enthusiasm for purchasing irrespective of general election results.

Amid this growth in the retail sector, most of the profit has been bagged by the shoe retailers, grocers and durable household goods. However, clothing, furniture and carpet chains have not recorded much growth in the profits.

With these developments taking place in the retail sector, the Distributive Trades Survey which was conducted by the Confederation of British Industry, the increase is recorded in retailers' sales volume, if the comparison is done on year-on-year basis also.

As per the statement given by retail analyst of Barclays, Richard Lowe, the sector registered a volatile start in the beginning of the year but, the growth is coming back on track with the time.

Hence, this can be seen as the indication for the growth of short term investments and the lenders could bank upon the short term facilities like payday loans and other facilities.

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