UK retailers endure ‘drab December’ as non-food sales fall flat

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UK retailers experienced a disappointing December, with overall sales growth slowing to 1.2%, below the 12-month average. The British Retail Consortium reported that non-food sales declined by 0.3% compared to the previous year, while food sales remained more resilient, boosted by rising prices and grocery inflation. Shoppers spent more in supermarkets, but many plan to cut back on grocery and discretionary spending in the new year. Discount supermarkets Aldi and Lidl reported strong Christmas sales, while major supermarkets Tesco and Sainsbury's saw sales growth but underperformed investor expectations. Card spending also dropped, indicating a cautious consumer approach during the holiday season.
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