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Retail sales growth slows in September

New figures have shown that September’s retail sales rose at the slowest rate since January when the UK was in lockdown. The data from the BRC-KPMG… View Article

GENERAL MERCHANDISE

Retail sales growth slows in September

New figures have shown that September’s retail sales rose at the slowest rate since January when the UK was in lockdown.

The data from the BRC-KPMG Retail Sales Monitor for the month has revealed that total sales edged up 0.6% compared to growth of  5.6%in the same month in the previous year.

The BRC said it was likely that consumer confidence was impacted by factors such as fuel shortages and wetter weather, which significantly affected people’s enthusiasm for buying large items like furniture and homeware.

Looking ahead to the busy Christmas trading period, Helen Dickinson, the British Retail Consortium chief  executive, said: “An uncertain backdrop and slower growth means the fourth quarter is looks challenging as the economic recovery is dependent on strong retail sales during the festive season.

“Retailers, farmers and manufacturers are already making preparations to ensure enough food and festive gifts move through the supply chain in time for Christmas.

“Unfortunately, the lack of drivers is hindering these preparations and increasing costs, which will eventually be reflected in higher prices. Retailers are working hard to recruit and train thousands of new British drivers, but in the interim Government needs to urgently extend its visa scheme to address the shortfall of 90,000 drivers. Without swift action, customers face disruption and frustration this Christmas.”

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