UK retail sales hit slowest growth post-covid

September recorded the slowest retail sales growth following a combination of inflation and economic crises since the pandemic

The latest figures from BDO showed that retail sales figures have fallen to a new post-Covid low, following rising inflation, economic crises, and the extra bank holiday.

According to BDO’s High Street Sales Tracker, which outlines the weekly sales changes of more than 85 retailers, combined in-store and online sales increased by just 2.8% in September compared to 19.7% last year.

This follows a similarly poor set of results in August, which was the previous lowest post-Covid performance for retail sales. Total non-store like-for-like sales fell for the second time since March this year, declining by 2.5% compared to September 2021.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe