Data: Retail sales jump in August as customers return to office and social events
Retail sales climbed in August driven by strong formalwear sales as customers returned to the office and socialising.
Retail consumer spend jumped 3% in August compared with the previous month, driven by consumers returning to work and social events, according to the latest BRC-KPMG Retail Sales Monitor.
The 3% growth for the period was down compared with the 3.9% growth seen in the same month in 2020. It was also below the three-month average growth of 6.9% and the 12-month average growth of 10.3%.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.