Analysts at TD Securities suggest that despite some weak indicators for the Christmas shopping period, they are expecting last month’s retail sales of UK economy to hold unchanged on the volumes front (mkt: -0.8%), locking in on November’s gains.
Key Quotes
“The wildcards will be if and by how much Black Friday purchases ate into December shopping, and how much discounting retailers did to shift volumes in December (even if nominal revenues were weak).”
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