Like-for-like sales down 0.2% on same month final year,suggesting consumers delaying spending until US-inspired reduction day in NovemberBritain’s retailers experienced a drop in sales final month, according to industry figures that suggest shoppers are putting off spending in anticipation of the discounts on Black Friday at the close of November.
The British Retail Consortium also said that with Halloween falling on a Saturday this year fewer people went shopping on that key day for the sector. Retail sales in October were down 0.2% on a like-for-like basis compared with the same month final year, and according to the BRC’s monthly retail sales monitor. The drop marked a change in fortunes after a sharp 2.6% rise in annual sales in September – although those figures were distorted by the timing of the close of summer bank holiday. Related: Angry Argos bargain-hunters complain at online sales glitch Continue reading...
Source: theguardian.com