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UK retail surge since Brexit vote comes to an end

The Industry London | 21st April 2017

 0

By Phillip Inman for The Guardian

The strong recovery on Britain’s high streets after last year’s Brexit vote appears to be over, with retail sales figures for the first quarter showing the biggest drop in purchases in the last seven years.

The Office for National Statistics said UK retail sales fell 1.4% in the first three months of 2017, the biggest quarterly fall since 2010.

Evidence of a steep decline in recent months was emphasised by the month-on-month figure, which has fallen for the last five consecutive months and declined by 1.8% in March (or by 1.5% when fuel sales were excluded).

Read the full article on Theguardian.com

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Tags / High street, Office of National Statistics, ONS, Retail

About Author / The Industry London

Welcome to The Industry, a private group of fashion professionals committed to uniting and evolving the global fashion community. Through rare interactions with fashion greats and hosted networking sessions at Condé Nast, The Industry connects the people who are shaping the future of fashion.

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