Flat out or out flat?
The UK economic recovery may be continuing (and wages finally growing faster than inflation), but from a retail Christmas trading perspective progress was uneven. At an aggregate level, overall December retail sales were down 0.4% on last year – and looking back at previous years‘ performance there has been virtually no aggregate like-for-like growth in overall Christmas retail sales since 2011.
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Tom Gladstone
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Montag 24th November 2025
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