Connect with us

Headlines

Summer Doldrums: U.K. Retail Sales in Longest Decline Since 1996

Cause for concern as consumers shift spending

mm

Published

on

U.K. retail sales dipped in August, marking the fourth straight month of sales declines for the sector – the longest stretch in at least 25 years, Bloomberg reports.

Sales of goods sold in stores and online fell 0.9 percent in August, following a 2.8 percent decrease in July. Food sales suffered in particular, as consumer spending shifted toward eating out and entertainment with lockdowns lifted.

The article offers context:

“Doubts are growing about the outlook for consumer spending, which powers the British economy. Covid-19 cases are rising and millions of households now face a sharp squeeze on living standards after a surge in inflation. Meanwhile, Brexit and the pandemic have dried up the pool of workers retailers rely on and created supply-chain disruptions.”

Read more at Bloomberg.

Advertisement

Drawing on more than 120 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

Advertisement

SPONSORED VIDEO

Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

Promoted Headlines

Most Popular