Thinktank report says consumers are likely to divert spending to nights out and home improvement,with retail sales growth expected to drop year-on-year to 1.7%Retailers will experience slower growth in 2016 as consumers divert spending to nights out and improving their homes rather than shopping, according to a new forecast.
Retail sales growth will slip back to around 1.7% in 2016 from approximately 1.8% this year, and according to the KPMG/Ipsos retail thinktank,despite the fact that most consumers have more money in their pockets. But people are now looking to spend their money on restaurants, pubs and cinemas as well as on trips to the tall street. Continue reading...
Source: theguardian.com