Retail sales slow as cautious consumers delay Christmas spending

Regent Street Christmas shoppers

UK retail sales growth slowed in October as households are putting off their Christmas shopping until they can “grab a bargain” over Black Friday, according to the  BRC-KPMG Retail Sales Monitor.

Total retail sales increased by 2.5% in October, compared with a 1.6% rise in October 2022. This was below the three-month average of 3.1% and the 12-month average of 4.2%.

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