UK retail sales fall ahead of year-end promotions - BDO Survey

The latest survey conducted by the accountancy and business advisory firm BDO, the UK”s retail consumer spendings declined in annual terms during October, suggesting disappointing crucial end-of-year period.

Key Findings:

In-store turnover among retailers dropped 2.0 percent year-on-year after a 2.7 percent fall in September, on a like-for-like basis which excludes new store openings, accountancy and business advisory firm BDO said.

Including online sales, like-for-like turnover rose by 1.0 percent on the year.

Footfall — the number of people going to shops — also declined in October, marking an “ugly start” to the fourth quarter ahead of the Black Friday promotions in late November and Christmas sales next month, BDO said.

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