Why retail sales increased last month despite shoppers' caution amid Iran war
Briefly

Why retail sales increased last month despite shoppers' caution amid Iran war
"Consumer spending on non-food items remained 'tepid' in March as shoppers exercised heightened caution amid ongoing conflict in the Middle East, new figures reveal."
"Data from the British Retail Consortium (BRC) and KPMG shows that non-food sales saw a modest 0.9% year-on-year increase last month, falling short of the 12-month average of 1.1%."
"While overall UK retail sales climbed by 3.6% compared to a year ago, surpassing the 12-month average of 2.6%, this was largely attributed to an early Easter and inflationary pressures."
"Demand proved robust for categories such as computers, toys, and homeware. However, the clothing and footwear sectors continued to face challenges."
The Independent focuses on essential topics like reproductive rights, climate change, and Big Tech. It emphasizes the need for on-the-ground reporting to present balanced perspectives. Recent data shows UK non-food sales increased by only 0.9% year-on-year, indicating consumer caution amid geopolitical tensions. While overall retail sales rose by 3.6%, food sales were artificially boosted by inflation. Categories like computers and homeware saw strong demand, but clothing and footwear struggled. The ongoing conflict in the Middle East has also affected international travel and sales.
Read at www.independent.co.uk
Unable to calculate read time
[
|
]