British high streets reported disappointing consumer behavior in June, attributed to rising job losses and geopolitical instability. A modest increase of 0.6 percent year-on-year in overall sales contrasts sharply with a 4.3 percent surge in online purchasing. The High Street Sales Tracker noted significant struggles in the in-store fashion sector, which experienced a stark 10 percent increase in online sales. This situation highlights ongoing challenges within the retail sector, as sales volumes have lagged behind inflation for six consecutive months, creating a challenging environment for traditional retailers.
Britain's high streets faced a challenging June with consumers behaving "incredibly cautiously" amid job losses and geopolitical uncertainty, reflecting the ongoing struggles of the retail sector.
Online sales increased by 4.3 percent, indicating shoppers' changing habits partly due to warmer weather, as in-store sales growth continues to lag behind inflation.
The High Street Sales Tracker revealed a modest 0.6 percent year-on-year increase in overall sales, but the fashion sector noted a stark contrast with a 10 percent rise online.
Sales volumes in-store have significantly dropped, marking the sixth consecutive month where growth has been outpaced by inflation, showcasing the difficulties faced by brick-and-mortar shops.
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