Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Post-Christmas Sales 'crucial', says KPMG.

UK non-food sales were hit in December by a fall off in spending because of the snow and concerns over the economic outlook, KPMG said this morning.

According to anecdotal evidence from KPMG, non-food like-for-like sales dropped in the four weeks to Christmas

KPMG partners, including head of retail in the UK Helen Dickinson, said in an e-mailed statement: “There’s no doubt that non-food trading in the four weeks to Christmas saw a drop in like-for-like sales, with many retailers having a difficult time,” while “post-Christmas Sales are now crucial to December’s results,” it is “likely that the Sales season will quickly run out of steam.”

KPMG added: “The industry knows it is in for a tough year…Customers are tightening their belts because they’re worried about prospects for their own jobs and personal finances in what are likely to be tougher economic conditions in 2011.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.