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December retail sales down for the first time

December retail sales down for the first time

Retail sales for December were negative for the first time on record last year, according to research by BDO. Like-for-like sales fell 1.6% last month, compared to strong growth of 6.6% in December 2019. BDO head of retail and wholesale Sophie Michael said: “Early January spending figures suggest shoppers weren't simply waiting for discounting, but instead stopping discretionary spend altogether as the nation hunkers down for a long winter lockdown.” Separate research by the British Retail Consortium found that footfall was down 46.1% year-on-year in December, but was up 19.3% on November 2020.

Read more: City AM


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