{"id":36821,"date":"2017-08-09T12:08:57","date_gmt":"2017-08-09T11:08:57","guid":{"rendered":"https:\/\/www.watchpro.com\/?p=36821"},"modified":"2017-08-09T12:08:57","modified_gmt":"2017-08-09T11:08:57","slug":"consumers-feel-pinch-retail-sales-growth-slows","status":"publish","type":"post","link":"https:\/\/www.watchpro.com\/consumers-feel-pinch-retail-sales-growth-slows\/","title":{"rendered":"Consumers feel the pinch as retail sales growth slows"},"content":{"rendered":"<p><strong>Spending on non-food items relapsed into negative territory last month as consumers\u00a0get to grips with higher costs of living and economic and political uncertainty<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">On a like-for-like basis, overall retail sales increased by 0.9% from July 2016, when they had increased 1.1% from the preceding year, according to the latest BRC-KPMG Retail Sales Monitor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the three-months to July, non-food retail sales in the UK decreased by 0.7% on a like-for-like basis and by 0.4% on a total basis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Online retail sales growth also slowed in July. Sales were up 8.3%, compared to 11.2% a year earlier.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BRC chief executive Helen Dickinson said: \u201cThe month\u2019s growth was underpinned by food sales alone, while non-food sales relapsed into negative territory as the competition heats up over a shrinking pool of discretionary consumer spending power.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAgainst a backdrop of increased consumer borrowing and shrinking real wages, we can expect food to continue making the running for sales growth for the time-being, although driven more by price than volume, with non-food continuing to struggle,\u201d she added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe tough outlook for customers means that ensuring that prices remain low and choice and confidence remains high lies at the heart of what a fair Brexit for consumers looks like. So ensuring tariff-free trade with the EU must be the focus for Government as it resumes negotiations at the end of this month.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spending on non-food items relapsed into negative territory last month as consumers\u00a0get to grips with higher costs of living and economic and political uncertainty On a like-for-like basis, overall retail sales increased by 0.9% from July 2016, when they had increased 1.1% from the preceding year, according to the latest BRC-KPMG Retail Sales Monitor. Over [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":26098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_hide_updated_date":false},"categories":[7024],"tags":[4345,2163,2313],"newspack_lstngs_evt":[],"newspack_lstngs_gen":[],"newspack_lstngs_mkt":[],"newspack_lstngs_plc":[],"acf":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"WATCHPRO","distributor_original_site_url":"https:\/\/www.watchpro.com","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/36821"}],"collection":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/comments?post=36821"}],"version-history":[{"count":0,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/36821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media\/26098"}],"wp:attachment":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media?parent=36821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/categories?post=36821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/tags?post=36821"},{"taxonomy":"newspack_lstngs_evt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_evt?post=36821"},{"taxonomy":"newspack_lstngs_gen","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_gen?post=36821"},{"taxonomy":"newspack_lstngs_mkt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_mkt?post=36821"},{"taxonomy":"newspack_lstngs_plc","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_plc?post=36821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}