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Retail sales plummet as trade fears and taxes weigh on confidence

Summary by City AM

Retail sales dropped in March and are expected to fall further as low confidence worsens a decade-long decline in retail. Sales volumes in the UK dropped “markedly” in the year to March, according to the CBI’s latest trading survey. It was the sharpest drop since last July and marks the sixth consecutive months of decline, as well as the fifth consecutive month of double-digit drops. “Firms across the retail and wholesale sectors reported that g…

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retail-insight-network.com

UK retail sales fell for sixth consecutive month in March 2025

UK retail sales volumes in March 2025 experienced a downturn as the sector faces its sixth straight month of decline.The post UK retail sales fell for sixth consecutive month in March 2025 appeared first on Retail Insight Network.

3 days ago

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Business Plus

Retail sales fall as bosses warn the high street is dying in the UK

UK Chancellor Rachel Reeves suffered a triple blow last night after a downgrade for the UK's growth outlook, dismal retail sales figures and a grim warning that the high street is dying, write John-Paul Ford Rojas and Emily Hawkins. The hat-trick of gloomy signs about the state of the UK economy came as the Chancellor prepared to reveal worsening official forecasts in today's Spring Statement. A common reason for all three was the higher costs f…

3 days ago

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insideretail.com.au

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Inside FMCG

Retail groups say Federal Budget falls short on business support

Retail groups warn the Federal Budget lacks critical business support as Australian retailers face rising costs and a consumer spending slowdown.

3 days ago

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Yorkshire Times

Retail Sales Slump In March

Retail sales volumes dropped sharply in the year to March, marking the sector’s sixth consecutive month of decline.

4 days ago

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Business Matters

Retail sales fall sharply in March as weak confidence hits consumer spending

Retailers across the UK have reported another sharp drop in sales this month, as fragile consumer confidence continues to weigh on spending, according to the Confederation of British Industry (CBI). The business group’s latest Distributive Trades Survey, released just a day ahead of Rachel Reeves’s spring statement, shows retail sales volumes fell year-on-year in March — marking the sixth consecutive monthly decline. It represents the steepest f…

4 days ago

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Business Fast

UK retail sales slump in March amid weak confidence, CBI says – business live - Business Fast

Retail sales slump in March amid weak confidence, CBI saysUK retail sales have dropped again this month, as weak consumer confidence hits spending in the shops, a new poll has found.The CBI’s latest ‘distributive trades’ survey shows the UK economy remains in a weak state, a day before Rachel Reeves’s spring statement.The survey found that

4 days ago

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