U.K. Retail Has Disappointing End-of-Summer Performance
Dow Jones
Sep 08
2301 GMT - U.K. retail sales had a disappointing end to the summer season, as consumer demand cooled off in August, according to a report from the British Retail Consortium and KPMG. For the period from Aug. 2-29, total retail sales in the U.K. rose 0.7% on year, according to the data. "With the cost of households bills rising, and set to rise further, many shoppers have clearly been tightening their belts," BRC's Harvir Dhillon says. Retailers' focus is now on the back-to-school period, with planning for the final quarter of the year and the lead-in to Black Friday month under way, the report says.
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