Retail sales slow as cautious consumers delay Christmas spending
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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