Is retail sales growth slower?

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Is retail sales growth slower? Are households reining in their spending as retailers see slower sales growth in July?

New Look reported falling sales and profits citing the current market as ‘difficult’. Recently the retailer NEXT PLC reported a mixed bag of results saying high street shopping growth had slowed but their online directory was doing well.

I noticed recently Poundland had introduced discounts in its stores with many items now at 50p

LINK TO: Poundland online store

It’s tough on the high street!

With consumer debt growing and with inflationary pressures placing a squeeze on real wages – it doesn’t look like improving dramatically any time soon.

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