UK discretionary retail sales fell 1.6 percent in April
British retail sales fell 1.6 percent in April as living costs weighed on spending. BDO reported that sales declined across all major categories in the month.
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Retailers in the United Kingdom saw discretionary sales fall 1.6% in April, the weakest performance for the month in a decade. This marks the first simultaneous decline across fashion, homewares, and lifestyle categories since March 2018. High fuel costs and inflation are eroding household budgets, signaling a prolonged squeeze on consumer-facing stocks.
