Weakest July sales growth on record for UK retailers

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Weakest July sales growth on record for UK retailers
United Kingdom Latest News,United Kingdom Headlines
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Consumer spending in the UK has fallen to a new low amid continuing political and economic uncertainty

Ms Dickinson called for a"coherent strategy for retail", adding:"The challenging retail environment is taking its toll on many high street brands who must contend with rising import costs, a multitude of public policy costs, and ever higher business rates.

On a like-for-like basis, UK retail sales edged up by 0.1% from July 2018, but Paul Martin, UK head of retail at survey sponsor KPMG, described shoppers as"notably disengaged overall".Meanwhile, Barclaycard reported similar consumer caution in its monthly consumer spending data, which showed 1.7% growth, the best figure since April but still relatively downcast.

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