Shoppers and retailers set for 'challenging' 2024, says BRC- QHN

Its boss pointed out that firms will also face higher business rates as well as potential disruption to shipments via the Red Sea.

Despite a flat Christmas, other figures suggest that people are still willing to spend more on holidaysin 2024.

Despite a flat Christmas, other figures suggest that people are still willing to spend more on holidaysin 2024.

Across the UK, retail sales increased by just 1.7% in December, significantly lower than the 6.9% seen the year before, according to the BRC-KMPG retail sales monitor.

There was a slight boost in takings the week before Christmas, with a scramble to buy last-minute gifts, particularly online, due to the wet weather.

Beauty products proved popular as presents, along with health and personal care items, while clothing and jewellery were ditched, the BRC said.

The post-Christmas sales failed, however, to draw in customers to spend more on bigger-ticket items like furniture or homeware.

Despite a flat Christmas, other figures suggest that people are still willing to spend more on holidaysin 2024.

Its boss pointed out that firms will also face higher business rates as well as potential disruption to shipments via the Red Sea.

Across the UK, retail sales increased by just 1.7% in December, significantly lower than the 6.9% seen the year before, according to the BRC-KMPG retail sales monitor.

Despite a flat Christmas, other figures suggest that people are still willing to spend more on holidaysin 2024.

Despite a flat Christmas, other figures suggest that people are still willing to spend more on holidaysin 2024.

Across the UK, retail sales increased by just 1.7% in December, significantly lower than the 6.9% seen the year before, according to the BRC-KMPG retail sales monitor.

There was a slight boost in takings the week before Christmas, with a scramble to buy last-minute gifts, particularly online, due to the wet weather.

Beauty products proved popular as presents, along with health and personal care items, while clothing and jewellery were ditched, the BRC said.

The post-Christmas sales failed, however, to draw in customers to spend more on bigger-ticket items like furniture or homeware.

#Shoppers #retailers #set #039challenging039 #BRC

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