Marks & Spencer and Next were among the retailers to give up share price gains from yesterday as the British Retail Consortium (BRC) reported that total sales for May were 1.5% lower than a year ago on a same-store basis.
Its figures are not adjusted for inflation, meaning the drop in sales masked a much larger fall in volumes. Higher value items, such as furniture and electronics, took the biggest hit as shoppers stalled on major purchases amid the economic uncertainty.
Esta historia es de la edición June 07, 2022 de Evening Standard.
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