Consumer spending grew 2.2% year-on-year in February, propped up by digital subscriptions and takeaways, as Brits stayed home to avoid bad weather, according to Barclaycard. Data from the payments business reveals that spending on essential items rose by 1.6%. This increase was bolstered by supermarket and fuel expenditure, which grew …
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On a total basis, UK retail sales increased by 0.1% year-on-year in February, while on a like-for-like basis, sales decreased 0.4%, according to research from BRC (British Retail Consortium)-KPMG. Over the three months to February, in-store sales of non-food items declined 1.8% on a total and 1.9% on a like-for-like …
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While storms Ciara, Dennis and Jorge hit the UK and coronavirus gripped global headlines, Britain’s high street retailers suffered a battering with the seventh consecutive February of falling in-store like-for-like sales, figures released by accountancy and business advisory firm BDO LLP yesterday (Friday March 6) reveal. According to BDO’s High …
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