Retail growth is ‘barely touches the sides’ due to increased costs
Growth in the retail sector is “barely touching the sides” when it comes to costs, bosses have warned
July retail sales were up 2.5 per cent on a year ago but they were not close to covering the the last budget’s £7 billion in new costs on the sector.
The uptick in the UK’s total retail sales was against growth of 0.5 per cent last July and the 12-month average growth of 1.9 per cent, according to British Retail Consortium (BRC)-KPMG data.
Food sales increased by 3.9 per cent on last July due to warm weather and a packed sporting schedule, although rising food inflation – now at 4 per cent, according to latest BRC figures – meant increased spending was more a result of higher prices than improved demand.
Karl Matchett12 August 2025 08:15
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