Monday 8 August 2016

Retailers benefit as sunshine sends post-Brexit spending soaring

Latest figures show like-for-like retail sales rose more than 1% in July, the best performance since January

Britain’s vote to leave the European Union may have been a shock, but a prolonged period of warm weather in July was even more unexpected.

At least that is what the latest retail sales figures show. Like-for-like retail sales, which excludes newly opened or closed stores, rose by 1.1% in July, while total sales rose by 1.9%. This was the best performance since January according to the British Retail Consortium and KPMG index.

Related: UK consumers keep spending despite Brexit vote shock

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from Business blog | The Guardian https://www.theguardian.com/business/blog/2016/aug/09/retailers-benefit-as-sunshine-sends-post-brexit-spending-soaring

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