Miserable weather hits summer clothes sales

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Added 9 months ago by VideoK

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Consumers spent less in shops as wet weather dampened demand for typical seasonal goods in July, latest figures show.

Total UK retail sales increased 1.5%, according to the retail sales monitor from retail representative British Retail Consortium (BRC) and big four accountancy firm KPMG.

But at the same time official figures showed the rate of price rises stood at 7.9% in the year up to July, and when inflation is factored in there was a drop in volumes, the monitor showed.

Read more: https://news.sky.com/story/miserable-weather-hits-summer-clothes-sales-but-taylor-swift-boosts-card-spending-12935599

#business #economy #sales

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