UK Retail December 2023 Records Steepest Drop in Sales drop 3.2%
UK Retail December 2023 Records Steepest Drop in Sales drop 3.2%
UK retail sales experienced a notable setback in December 2023, with volumes plunging by 3.2%, marking the most significant monthly decline since January 2021 during Covid-19 restrictions. This drop followed a revised uptick of 1.4% in November.
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Non-food stores bore the brunt, witnessing a sharp 3.9% decline post a 2.7% November rise attributed to Black Friday sales. Within this category, department stores faced a substantial 7.1% dip, citing subdued post-Christmas trade and reduced household goods sales.
Other retail sectors, encompassing sports equipment, games, toys, watches, and jewellery, reported a 4.5% fall in sales volumes, primarily attributed to...