Retailers braced for challenging 2024
Manchester Evening News|January 10, 2024
HIGH COST OF LIVING IS MAKING CONSUMERS CAUTIOUS
Retailers braced for challenging 2024

RETAILERS suffered a disappointing festive period that failed to make up for a challenging year of sluggish sales growth, figures show.

Weak consumer confidence continued to hold back spending, with total UK retail sales up by just 1.7 per cent in December against growth of 6.9pc a year earlier, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor.

The post-Christmas sales were unsuccessful in enticing spending in areas such as furniture and homewares, with households remaining cautious about making larger purchases.

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