Retailers on edge as sales dive at fastest pace since the financial crisis
More retailers reported falling sales this month than at any point since March 2009 as British shoppers cut back on spending in food shops, department stores and furnishing specialists.
Prices are rising faster than wages, squeezing householders’ finances and denting their ability to buy more in the shops.
However, spending did rise on recreational goods and DIY kit, the Confederation of British Industry said, indicating that it is not all doom and gloom.
Retailers on edge as sales dive at fastest pace since the financial crisis
DOOMED!!! ™
More retailers reported falling sales this month than at any point since March 2009 as British shoppers cut back on spending in food shops, department stores and furnishing specialists.
Prices are rising faster than wages, squeezing householders’ finances and denting their ability to buy more in the shops.
However, spending did rise on recreational goods and DIY kit, the Confederation of British Industry said, indicating that it is not all doom and gloom.
Retailers on edge as sales dive at fastest pace since the financial crisis
DOOMED!!! ™
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