Shoppers are steering clear of the high street as cost of living crisis grips (PA)
(Picture: PA Wire)The biggest slump in retail sales this year sent shivers through the High Street today as shoppers tightened their belts far more severely than expected.
Sales volumes dropped by 1.6% in August — as analysts warned of a retail “winter of discontent” — and far outstripped City expectations of a 0.5% fall. Even in nominal value terms they were down 1.7%.
