UK retail sales hit high, but grocery sector lags for third consecutive month
British retailers recorded the strongest growth since January 2014, up 2.7 per cent against a 3.6 per cent rise in August 2013, according to the BRC-KPMG August Sales Monitor.
Overall, sales were up 1.3 per cent on a like-for-like basis from August 2013, driven predominantly by the clothing and footwear sectors which reported the fastest growth rate since December 2011.
However, the food sector suffered its third consecutive month of declining sales, a like-for-like drop of 3.6 per cent.
The figures led David McCorquodale, head of retail at KPMG, suggest that the battle between the ‘big four’ supermarkets shows no signs Read full story ›
Source: The Drum
