UK retailers see weak sales growth in November despite Black Friday deals

LONDON, Dec 5 (Reuters) – British retail sales growth remained sluggish in November despite Black Friday deals, as the ongoing cost-of-living squeeze prompted shoppers to rein in spending on non-essential items, the British Retail Consortium said on Tuesday. The subdued data and a warning on the outlook from small fashion retailer Quiz added to concerns over discretionary spending in the key trading weeks to Christmas. “We continue to believe that food, beverages and affordable treats will attract shoppers over bigger ticket discretionary in the 2023 festive period,” Clive Black, head of consumer research at Shore Capital, said. The BRC said spending increased 2.7% in annual terms last month, well below the 4.2% rise a year ago, and similar to the…

Source: Market Screener
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