Sales growth slows as retailers prepare for ‘tough time ahead’

Supermarket scan and go

Sales for the month of August slowed as consumers reined in spending and inflation pushed up costs to historic highs.

On a total basis, sales increased by 1% in the four weeks between July 31 and August 27, compared with a 3% increase in the same period in 2021, according to the BRC-KPMG Retail Sales Monitor. 

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