British retail sales volumes rose nearly three times faster than expected in July, and a surge in corporate tax receipts cut public borrowing sharply, data showed on Thursday, suggesting the recovery remains strong.
Retailer Marks & Spencer is set to report a third consecutive rise in underlying quarterly sales, though the rate of improvement may have slowed a little, highlighting the fragility of the consumer recovery.
Retail sales unexpectedly rose in January as shoppers took advantage of aggressive price cuts to stock up on new clothes, books and CDs in the post-Christmas sales, official data showed on Friday. The Office for Natio...
Retail sales slumped in June at the sharpest rate on record, official figures showed on Thursday, more than wiping out May's record rise and dragging three-month growth down to its weakest since late last year.
LONDON (Reuters) -- Retail sales unexpectedly soared in May at their fastest monthly rate since the series began in 1986, driven by record sales of food and clothes, the Office for National Statistics said on Thursday.