Weak sales growth ends ‘sluggish’ year for retailers

Business | Business News Retailers suffered a disappointing festive period that failed to make up for a challenging year of sluggish sales growth, figures show. Weak consumer confidence continued to hold back spending, with total UK retail sales up by just 1.7% in December against growth of 6.9% a year earlier, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. The post-Christmas sales were unsuccessful in enticing spending in areas such as furniture and homewares, with households remaining cautious about making larger purchases. Sales saw a slight increase in the week leading up to Christmas as consumers…