UK retail sales sluggish in March; online outpaces in-store: BRC
UK retail sales rose by 1.1 per cent YoY in March, down from 3.5 per cent last year, with modest non-food growth and stronger online sales. BRC noted Easter timing, improved weather, and Mother's Day boosted demand. However, rising costs, including £7 billion (~$8.74 billion) in new government-imposed expenses, pose inflation risks. Retailers are also facing global supply chain uncertainties.
UK retail sales rose by 1.1 per cent YoY in March, down from 3.5 per cent last year, with modest non-food growth and stronger online sales.
BRC noted Easter timing, improved weather, and Mother's Day boosted demand.
However, rising costs, including £7 billion (~$8.74 billion) in new government-imposed expenses, pose inflation risks.
Retailers are also facing global supply chain uncertainties.
