Retailers will be hoping the bank holiday proves to be payday this weekend. Retailers from DIY and garden centres to clothing and footwear stores are hoping that if the sun shines, Britain goes shopping.
Deloitte’s latest Consumer Tracker shows signs of life in the consumer economy. Sentiment about disposable income rose by nine points in the first quarter of 2012, from -40% to -31%, in comparison to the same period last year.
Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte said: “It is clearly good news for the retail sector that both monthly and year-on-year figures show an uplift in sales.