Supply chain issues remain a concern for the sector
UK retail sales fell 0.9% in August as shoppers decided to spend more on eating out than certain stores.
The National Bureau of Statistics has revealed a decline in retail sales when compared to the previous month’s July.
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Food store sales have been linked to an increase in eating out after the lifting of coronavirus restrictions,” said Jonathan Atow, associate statistician of economic statistics at ONS.
Non-food stores saw a 1% decline, with lower sales at department stores.
Fuel sales rose 1.5% as they continued to increase travel volumes.
“August is often called a stupid season, with many sectors slowly slowing down and the country enjoying a bit of a holiday,” said Danni Hewson, AJ Bell Financial Analyst.
“After months of restrictions, the data suggested that consumers would take advantage of every opportunity to go out and socialize, which was knocking on retail sales. People would cook someone else. , I enjoyed the restaurant, takeaway and as people were satisfied to leave, fuel sales still struggled to return to pandemic levels, so I enjoyed cooking, restaurants, takeaways, and so the store was enjoying the food, restaurants, takeaways. I had to buy a drink at the…
Push and retailers returning to school said whether that fall has decided to spend penny elsewhere or whether the product simply wasn’t available, or whether that fall has diminished due to a product being unavailable. Sales from dealers also fell.
“The department stores and clothing emporiums have had the biggest challenges to get their products, but supply is a complete problem,” Hughson said.
“Food stores in particular had to shop to get the products they needed. A quick look at supermarket shelves shows shoppers’ favorites being replaced by unfamiliar brands, and Morrisons and Co-op both warn that supply issues and driver shortages are. This will lead to price increases.”
