{"id":217407,"date":"2025-01-17T08:58:09","date_gmt":"2025-01-17T08:58:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/17\/shop-sales-in-shock-december-drop-with-supermarket-food-hit\/"},"modified":"2025-01-17T08:58:09","modified_gmt":"2025-01-17T08:58:09","slug":"shop-sales-in-shock-december-drop-with-supermarket-food-hit","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/17\/shop-sales-in-shock-december-drop-with-supermarket-food-hit\/","title":{"rendered":"Shop sales in shock December drop with supermarket food hit"},"content":{"rendered":"
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Shop sales in the UK unexpectedly fell in the run up to Christmas due to a “very poor month” for food being sold in supermarkets.<\/p>\n

Sales fell by 0.3% in December, according to official figures, well below expectations of a 0.4% rise.<\/p>\n

Food sales sank to their lowest level for over 10 years, but clothing shops and department stores saw a boost in trade.<\/p>\n

The pound slipped to $1.21 from $1.22 following the figures. The shock data will add to concerns over the health of the UK economy.<\/p>\n<\/div>\n

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Economists said the figures capped off a “disappointing” end to 2024 for the retail sector, in a period businesses typically seek to make the most money.<\/p>\n

Alex Kerr, UK economist at Capital Economics, said the worse-than-expected sales figures were “further evidence that the economy had very little momentum at the end of last year”. <\/p>\n

But he added: “Although the economy clearly struggled at the end of last year, we doubt that will last.” <\/p>\n

Elliott Jordan-Doak, senior UK economist at Pantheon Macroeconomics, also suggested he expected “sales to improve in the new year”.<\/p>\n

The blow to the retail sector last month was driven by a drop in sales volumes in supermarkets, but specialist food stores, such as butchers and bakers, along with alcohol and tobacco\/vaping shops also struggled, according to Hannah Finselbach, senior statistician at the Office for National Statistics, which releases the official figures.<\/p>\n

In contrast, clothing and shoe shops saw sales rise by 4.4% last month, rebounding from falls in November and October and reflecting the surge in spending pre-Christmas.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shop sales in the UK unexpectedly fell in the run up to Christmas due to a “very poor month” for food being sold in supermarkets. Sales fell by 0.3% in December, according to official figures, well below expectations of a 0.4% rise. Food sales sank to their lowest level for over 10 years, but clothing […]<\/p>\n","protected":false},"author":2,"featured_media":217408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/b2d7\/live\/3d0a54e0-d4ae-11ef-b3ef-0fe2bdd6d1bc.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[2703,9505,1720,1028,2022,8625,174,16531],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217407"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=217407"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217407\/revisions"}],"predecessor-version":[{"id":217409,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/217407\/revisions\/217409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/217408"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=217407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=217407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=217407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}