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Financial News: UK Like-For-Like Sales Slide In October - BRC

UK Like-For-Like Sales Slide In October - BRC

11/06/2017 - 20:46:00 (RTTNews)

(RTTNews) - Like-for-like sales in the United Kingdom tumbled in October, the latest survey from the British Retail Consortium revealed on Tuesday - sliding 1.0 percent on year.

That was well shy of forecasts for a gain of 0.8 percent and down sharply from the 1.9 percent increase in September.

Overall sales were up just 0.2 percent, marking a nine-year low for the October month.

"The decline was driven by the worst performance of non-food sales since our record began in January 2011," said BRC chief executive Helen Dickinson.

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