Retail sales take a hit in the weeks after Christmas

Busy high street

UK retail sales took a dip in the first four weeks of January, according to the BRC-KPMG Retail Sales Monitor.

Total retail sales increased by 4.2% in January, compared with 11.9% in January 2022.

This is below the three-month average growth of 5.2% and above the 12-month average growth of 2.5%, according to the data covering January 1 to 28, 2023.

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