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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