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Deloitte comments on ONS retail sales

Commenting on today’s ONS retail sales figures, Oliver Vernon-Harcourt, head of retail at Deloitte, said:

“April’s retail sales were more disappointing than expected, once again being dampened by wet weather, deterring shoppers from the high street and impacting the sale of seasonal items. Though consumer confidence continues to rise, many remain apprehensive and are not yet loosening their purse strings, especially on non-essential items and goods such as clothing and footwear.

“Consumers are focused on value, with the likes of own-label food remaining resilient. Overall, this is a clear sign that, despite inflation easing, retailers’ road to recovery will require them to continue to invest into product ranges that target consumers of all budgets.

“Summer is on the horizon, and with major sporting and entertainment events in the calendar, and the prospect of improved economic conditions to come, we would expect that this optimism filters through into increased spending and a more stable retail sector.”