UK retail sales are projected to experience growth in the second quarter of the year, as indicated by a panel of experts from The Retail Think Tank, which includes KPMG UK. While this forecast brings optimism, it is tempered by the realization that growth will be slow and some sectors may still struggle. Linda Ellett, KPMG Head of Consumer, Retail and Leisure, noted that although many consumers feel secure, cautious spending is prevalent. Discretionary spending is expected to rise gradually, with travel being a key area for consumers as they prepare for summer.
Circumstances vary as to each household's available discretionary spending, however all but a small minority have an ability to spend beyond essentials. We are seeing a gradual creeping up of monthly retail spending levels overall, but that cautious approach is limiting bigger ticket spending, benefiting more impulse categories.
The upbeat Q2 forecast for retail health comes from The Retail Think Tank - a group, which includes KPMG UK, who meet to provide a quarterly assessment on the state of play in the UK retail sector.
Collection
[
|
...
]