UK retailers see sales slow as cost pressures rise

Staying thrifty: Shoppers and pedestrians at Oxford Circus in central London. The annual sales growth last month was weaker as households face the biggest cost-of-living squeeze. — Bloomberg

LONDON: British retailers reported weaker annual sales growth last month, reflecting growing pressure on consumer spending as well as seasonal factors around the timing of Easter which typically brings a boost to spending.

The British Retail Consortium (BRC) said total retail spending among its members – mostly large chains and supermarkets – was 3.1% higher than a year earlier, compared with 6.7% annual growth in February.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Proton records 12,230 vehicle sales in September
Saudi Arabia, Russia to continue voluntary oil cuts
KIP REIT unitholders approve acquisition of KIPMall Kota Warisan
Softbank to grow global IoT business in Apac
Allianz Asia Pacific opens regional delivery centre in KL
Malaysia's refined fuel consumption growth set to slow down over next decade - BMI
Malakoff invests RM2.5bil to develop 500MW solar projects within five years
Chinese developer SCE Group seeks offshore debt restructuring after default
Asia stocks slump as bond selloff spooks markets
Oil dips on high interest rate worries, Opec+ panel awaits

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read