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August sales flatline in ‘incredibly disappointing month for retail’
Retail sales dropped to a “new low” during August, according to the latest BRC-KPMG sales figures.
Total retail sales were flat during the four weeks to August 24 compared with an increase of 1.3% for the same period the previous year.
However, sales were above the three-month average of -0.4% but below the 12-month average of 0.4% – making it the lowest 12-month average on record.
UK retail sales decreased 0.5% on a like-for-like basis compared with August 2018 when they increased by 0.2%. This was above the three-month average of -0.7% but below the 12-month average of -0.2%.
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