UK retail sales growth slows to lowest level this year

By: Trademagazin editor Date: 2022. 08. 28. 11:03

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Retail sales growth slowed to its lowest rate this year last week according to new data, although it was still ahead on a year-on-year basis.

Fashion sales were up 2.6%, the slowest increase recorded since the first week of June this year

Total like-for-like sales increased by 2.1% in the week ending 21 August, compared to the same week last year, according to the BDO High Street Sales Tracker.

Fashion sales were up 2.6%, the slowest increase recorded since the first week of June this year.

“Amidst recent reports of falling wages and consumer confidence, total in-store like-for-likes saw moderate growth compared to past weeks, while total non-store like-for-likes recorded another negative week,” BDO said.

Retail Gazette