UK retail sales in discretionary categories rose 3.1 per cent YoY in September, with in-store sales up 3.7 per cent and online sales up 3 per cent, according to BDO.
Despite the growth, sales volumes lagged inflation.
BDO’s head of retail Sophie Michael warned that the upcoming Budget and cautious consumer sentiment could curb festive spending and pressure retailer margins early next year.
Despite the growth, sales volumes lagged inflation.
BDO’s head of retail Sophie Michael warned that the upcoming Budget and cautious consumer sentiment could curb festive spending and pressure retailer margins early next year.
