20
you are viewing a single comment's thread
view the rest of the comments
[-] autotldr@lemmings.world 1 points 8 months ago

This is the best summary I could come up with:


The Office for National Statistics (ONS) said that the sales slump, which followed a 1.4% rise in November fuelled by Black Friday promotions, hit all retail sectors.

“This was the largest overall monthly fall since January 2021, when the reintroduction of pandemic restrictions knocked sales heavily,” said Heather Bovill, a deputy director at the ONS.

“Department stores, clothing shops and household goods retailers reported sluggish sales too as consumers spent less on Christmas gifts, but had also purchased earlier during Black Friday promotions, to help spread the cost.”

Retailers partly blamed the scale of the fall on consumers buying gifts earlier than usual in November to spread the cost of Christmas.

“The scale of the decline will have surprised many, with retail sales volumes now falling well below pre-pandemic levels,” said Lisa Hooker, the leader of industry for consumer markets at PwC.

The ONS said overall retail sales volumes fell 2.8% in 2023, after a fall of 3.4% in 2022, reflecting the impact of high inflation and the cost of living pressures making consumers increasingly cautious about spending.


The original article contains 497 words, the summary contains 178 words. Saved 64%. I'm a bot and I'm open source!

this post was submitted on 19 Jan 2024
20 points (95.5% liked)

United Kingdom

4041 readers
250 users here now

General community for news/discussion in the UK.

Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 1 year ago
MODERATORS