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British retail sales defied expectations in February, holding steady after a January rise, according to the ONS: - Sales volumes remained flat compared to January (revised 3.6% growth). - Growth in clothing and department stores offset by declines in food and fuel. - Wet weather dampened in-store footfall, boosting online sales. The report suggests ongoing challenges for retailers, with consumer spending cautious amid inflation and weather disruptions. #Retail #ConsumerSpending #UK https://ow.ly/nHjb50QZmEL

Consumer spending patterns may be affected by rising prices because retail sales remained stagnant in March. Although sales volumes have increased, they're still 1.2% below pre-pandemic levels. In the three months leading up to March, sales volumes also grew. It was mainly due to increases in fuel and non-food items, while online sales were modest. With these data in mind, consumer confidence is on the rise, according to retail experts. Here's more info: https://bit.ly/3UqGWgF #UKSales #UKRetail #ConsumerSpending

Retail sales in the UK fell for the first time in three months in October as consumers held back on their spending ahead of the Budget. Figures from the Office for National Statistics (ONS) show sales volumes fell 0.7% in (more…) The post Budget Uncertainty Impacted Retail Sales But Consumer Confidence Now Starting To Improve appeared first on KamCity.

📉 July Retail Sales See Slump Amid Changing Consumer Habits 📉 Recent data shows that retail sales in July took a downturn, reflecting shifting consumer behaviors and the ongoing impact of the cost-of-living crisis. According to the Retail Gazette, the wet weather and cautious spending led to a 1.2% drop in sales volume compared to the previous month, marking a challenging period for retailers across the UK. As retailers navigate these fluctuations, it’s clear that adapting to consumer preferences and external conditions will be crucial for stability in the coming months. Read more about the trends shaping the retail sector here: https://mytbc.uk/B5rP #TheBestConnection #RetailTrends #ConsumerBehavior #UKRetail #EconomicUpdate

Retail Sales Continue to Grow Despite Economic Challenges The latest data from the NRF Retail Monitor highlights a steady increase in retail sales for August 2024, with core retail sales rising 1.93% year-over-year and total retail sales increasing 2.11%. While growth has slowed compared to previous months, consumer demand remains strong, particularly in sectors like online retail, clothing, and accessories. This provides a promising outlook as we head into the critical holiday season. It’s impressive to see how certain categories, such as online retail (up 17.03%) and clothing stores (up 11.44%), continue to thrive, this data underscores the importance of adaptability and understanding consumer behavior in today’s dynamic retail environment. Looking forward to seeing how these trends evolve as we move closer to year-end!

Tension is high among retailers in the UK after the tough times they faced in the last quarter. "Sales volumes are estimated to have dropped 3.2%, the biggest monthly decline since January 2021." This decline has forced the economy into recession. The reduction in sales volume results from customers' unwillingness to spend due to the increasing cost of living. Consumers are finding themselves wanting to save, which is why sales in November increased because the black November discounts allowed them to save more. Read more on the retail situation in the UK: https://bit.ly/3STGoy4 #RetailNews #RetailSales

UK retail sales were slower than expected in October, according to the latest figures from the British Retail Consortium. With last week's Budget set to make a difficult environment even more challenging, retailers will be hoping for a bumper Black Friday period to make up for less-than-stellar sales. #Retailinsight #retailsales #retailsector #BlackFriday

UK retail sales in February 2024 increased by 1.1% year-on-year, a slowdown compared to the 5.2% growth observed in February 2023, show new figures from the British Retail Consortium (BRC). Read more ⬇️ https://lnkd.in/e_4eErEB #retail #retailsales #salesfigures

Q1's retail sales brought some surprises, but what do they really tell us about consumer behavior this year? Despite inflation and economic uncertainties, consumers are still flexing their spending muscles. “Consumers have been in a mindset of spending, and, even with the stimulus during the pandemic and the wage growth, they’re spending at a pace that is exceeding what that wage growth is." - according to Meghann Martindale, Avison Young's Retail Market Intelligence Lead. But will this trend hold? Retail Dive has the scoop: https://lnkd.in/dfS9UgRY #AYdifference

Things seem to be looking up for the US retail sector, which bounced back “strongly” in October according to new figures released by the CNBC/NRF Retail Monitor. According to the report, total retail sales were up 0.74% seasonally adjusted month-over-month, and up 4.13% unadjusted year-over-year in the month.