UK retail sales volumes fell by 24 per cent YoY in January from a 15-per cent drop in December 2024, dropping for the fourth month in a row, a survey found.
Retailers expect annual sales to fall again in February by 26 per cent.
Online retail sales volumes fell by 22 per cent in the year to January from a 8-per cent drop in the year to December, and are expected to fall by 46 per cent next month.