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Retail Sales Monitor: Cautious Consumers Delay Christmas Spending

From brc.org.uk

Black Friday began earlier this year as many retailers tried to give sales a much-needed boost in November. While this had the desired effect initially, the momentum failed to hold throughout the month, as many households held back on Christmas spending. Health and beauty products showed stronger growth, but non-food sales were down overall year on year. November had the highest proportion of non-food goods purchased online for 2023, though this remains below the previous years’ level. Retailers are banking on a last-minute flurry of festive frivolity in December and will continue working hard to deliver an ... (full story)

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  • Category: Fundamental Analysis