Retailers’ share prices stay strong despite losses

Despite sales volumes dropping by 20 per cent, retail is the top performing sector in Europe, writes Eugene Kiernan

4th April, 2009

Consumers everywhere are feeling the pinch. In Ireland, the most recent numbers show how the retail sector is suffering, with overall volumes for sales down 20 per cent compared to 12 months ago. The picture is the same across the broader eurozone economy. Consumer confidence figures for both France and Germany are mired close to all-time lows. In Britain, more than 60 per cent of retailers reported falling sales in March - and many of...

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