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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Retail sales disappoint due to dismal weather, early Easter

Retail sales in the UK dropped 4.4% on a like-for-like basis in April from a year ago, far below expectations for a 1.6% growth and the worst reading since November 2019.

The British Retail Consortium said consumption was hit by wet weather and the early timing of easter, alongside persistent inflationary pressures and high borrowing costs.

Helen Dickinson, chief executive at the BRC, said: “Dismal weather and disappointing sales led to a depressing start to spring for retailers, even accounting for the change in timing of Easter.

“A dull, wet April dampened sales growth for clothing and footwear, especially outdoor sportswear, as well as DIY and garden furniture.”

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