City snapshot: UK retail sales slump in dismal weather | News thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
The onset of spring has brought gloomy news for retailers and restaurants, with consumer spending remaining subdued amidst a backdrop of cold, wet weather and economic uncertainties.
Analysts suggested that despite falling inflation and potential interest rate cuts from the Bank of England, consumer confidence to spend has not yet materialised
The latest British Retail Consortium (BRC)-KPMG Retail Sales Monitor revealed sales dropped by 4 per cent year-on-year in the four weeks ending 27 April, against 5.1 per cent growth in 2023.