The high street suffered a sharp blow last month after retail sales suffered their greatest fall in more than two decades, with analysts using the phrase “extremely challenging” to describe life for retailers.
Retail sales dropped by 3.1% in April compared with the same month a year earlier, according to figures compiled by the British Retail Consortium and KPMG.
The Telegraph added that the result was distorted by the timing of an early Easter, but it represents the sharpest decline recorded by the British Retail Consortium (BRC) since it started its sales monitor in 1995.
“April’s figures show retail sales growth falling off a cliff,” Paul Martin, head of retail at KPMG, said. “These are indeed testing times for retailers.”
Click here for the full Times article (£)
