UK Retail Sales, January 2017- PwC Comments

Published at 10:38 AM on 20 January 2017

Reacting to the latest UK retail sales figures, Andy Lyon, retail & consumer partner at PwC said:

“The last few retail sales figures have shown that UK consumers have remained resilient following the outcome of the EU referendum and the associated uncertainty. This month’s results show a slight decline in that resilience as inflationary pressures start to creep in, we expect this to feed through to general prices and potentially impact consumer spending in 2017.

“Although many retailers have reported apparently strong like-for-like sales, it is worth adding a note of caution around comparability. As always, retailers chose differing periods in terms of length, anything between one and six months. Some report up to the 24th December, others include the following week. And this year, year-on-year numbers may be impacted by Christmas Eve falling on a Saturday. 

 “2017 will be a crucial year for retailers as they will have to manage cost pressures and remain competitive under the current climate. All this will take place in the shadows of negotiations with the European Union and the inauguration of a new American President.”

Ends. 

About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2017 PwC. All rights reserved

Ends.

For more information please contact: Stephen Young stephen.m.young@pwc.com/07789808745


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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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