UK retailers take a hit as sales decline in May amid cost-of-living crunch

In-store and online sales fell

UK retailers continue to feel the pressures of the cost-of-living crunch as inflation weighs on consumer spending.

In-store and online sales fell for the second month in a row last May, the British Retail Consortium (BRC) said on Tuesday.  According to the latest monthly BRC-KPMG retail sales monitor, total retail sales decreased by 1.1% compared to the same month last year. This was a sharper decline than in April, when figures saw a fall of 0.3% compared to April 2021. Retail sales fall as consumer confidence tumbles to 2008 lows Non-food purchases related to the home, such as furniture, home appliances and computing, suffered the biggest falls in spending in May. Online, although still signi...