Retailers saw their post-pandemic recovery stall in September as sales slowed to their weakest performance since January when firms were under heavy
What happened
The latest BRC-KPMG retail sales monitor showed a negative trend heading into the key Christmas trading period.
Why it matters
Meanwhile, separate figures from Barclaycard revealed that consumer confidence also dipped in the month amid concerns over fuel and supply shortages.
The BRC-KPMG report showed that total sales increased by 0.6% in September against the same month last year, compared with an average of 3.1% growth for the past three months.
Like-for-like sales were 0.6% lower for September compared with the same month in 2020.
This news brief is based on reporting published by TheIndustry.fashion on 2021-10-12. The original report is linked below.
TheIndustry.fashion
https://www.theindustry.fashion/retail-sales-recovery-slows-further-in-september-as-consumer-confidence-wanes/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
