Retail Sales Growth Slows as Shoppers Rein in Non-Essential Spending - Retail Gazette
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Retail sales rise 1% in May despite low non-essential spending
Total retail sales rose by 1% year-on-year in the four weeks to 31 May, up from 0.7% in the same period last year, despite customers cutting back on non-essential purchases, according to new figures from the British Retail Consortium (BRC). It comes as consumer confidence had risen in May, supported by warmer weather, bank holidays and expectations of lower energy bills. However, the BRC warned that May saw the weakest growth so far in 2025, w…
Retail sales growth slows as shoppers rein in non-essential spending - Retail Gazette
Retail sales rose just 1% year-on-year in May, marking the slowest growth recorded so far in 2025 as shoppers tightened their grip on non-essential spending. According to the latest BRC-KPMG Retail Sales Monitor, growth in total sales slowed from 0.7% in the same month last year, with non-food sales slipping 1.1% year-on-year – unchanged from the same month in 2024. In-store non-food sales were down 0.9%, while online non-food sales dropped by 1…
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