Post-pandemic spending bubble bursts as shoppers rein in spending

Shoppers in Newcastle

Source: Shutterstock

Retail sales fell last month as consumers’ disposable income came under increased pressure, signalling an end to the post-pandemic boom enjoyed by some retailers.

Total revenues slipped 1.1% year on year during May, the BRC-KPMG retail sales monitor showed, but was still 6.2% ahead of 2019. 

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