British Retail Consortium (BRC) April retail like-for-like sales: +2.4% y/y - sharpest fall since April 2012

  • vs. expected +0.6%, prior was +3.2%

April Total Sales -1.3% y/y (were +4.7% in March) ... weakest since March 2011

BRC cites early Easter this year as a reason for the bid plunge in sales ... say Easter sales were shifted back into March

They say the fall follows very strong March sales (were up 3.2% y/y in March)