UK BRC Retail Sales Monitor rose 6.1% yoy in September. That’s the strongest like-for-like retail sales growth since December 2009.
Paul Martin, Partner, UK Head of Retail, KPMG: “The resilience of British retailers has been nothing shy of remarkable in recent months, with 6.1% like-for-like growth in September serving to reinforce that. That said, this month’s uptick is against the woeful performance recorded in September 2019 and so caution remains vital. Last year, the prospect of a no-deal Brexit loomed over purchasing decisions dampening demand, but now that same prospect is accompanied by the recent resurgence of COVID-19 numbers. Combined, these factors could have a significant impact on retail growth over the next months.
