Czech retail sales to fall by up to 5 pct this year - analysts.

(From Czech News Agency)

Prague, Nov 13 (CTK) - This year will be very bad for Czech retailers and retail sales are to fall by up to 5 percent year-on-year due to lower spending of Czechs, analysts and entrepreneurs have agreed. Analysts also said Czech retailers will post lower sales next year as well since Czechs have limited their expenses and are saving due to the economic crisis and rising unemployment. Seasonally unadjusted total retail sales fell by 7.6 percent year-on-year in September, falling thus for the 12th time in a row. September slump was the second biggest in the past year. Retail sales for the full year 2009 may drop by around 5 percent or more compared with …