| Retail sales fall at fastest rate since lockdown |
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momo
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Retail sales fall at fastest rate since lockdown
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Shoppers are cutting back on white goods such as fridges and dishwashers as well as opting for cheaper brands, the British Retail Consortium added.
Sales in shops and online have dropped for three months in a row, figures from the BRC and accountants KPMG indicate.
Prices in the UK are currently rising at their fastest rate for 40 years.
Inflation - the rate at which prices rise - hit 9.1% in May, with the increasing cost of food, energy bills and fuel putting pressure on households' finances.
Paul Martin, UK head of retail at KPMG, said people were cutting back on spending 'against a backdrop of unprecedented price rises on the High Street'.
He said online shopping had continued to drop, with total sales down 9%. The biggest falls have been for purchases of furniture, home appliances and computing.
Helen Dickinson, chief executive of the BRC said: 'While the Jubilee [bank holiday] weekend gave food sales a temporary boost, and fashion sales benefited from the summer holiday and wedding season, this was not enough to counter the substantial slowdown in consumer spending.'
Total sales decreased by 1% in the five weeks between 29 May and 2 July 2022, against an increase of 10.4% in June 2021, figures from the BRC and KPMG show. It followed declines in April and May.
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momo [193.37.32.xxx] เมื่อ 21/02/2023 12:40
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