British Retail Consortium (BRC) September retail like-for-like sales: -2.1% y/y
- expected was +1.0%, prior was +1.3%
Helen Dickinson, Director General, British Retail Consortium, said:
- “In September we saw the lowest retail sales figures since December 2008 excluding Easter distortions.
- This can be attributed to a number of factors including the continuing decline in food sales.
- Furthermore, there was exceptionally low demand for items such as boots and coats, resulting in the lowest fashion sales performance since April 2012.
- However, demand for big ticket items continues to be strong with furniture outperforming all other categories.”
