Financial Times: UK Retail Sales
Oct 23, 2020
Duncan Brewer, Retail Partner, spoke to the Financial Times on the September Office for National Statistics (ONS) retail sales.
The FT highlighted that shoppers gave UK retail sales an unexpectedly big boost last month, increasing spending at the fastest annual rate in more than a year with purchases at supermarkets and furniture stores leading the way.
Duncan added: “Fresh lockdowns across the country mean that many consumers will tighten their purse strings, even in the lead up to Christmas. There (will) also be affluent shoppers, flush with savings from months of working from home, who will treat themselves.”