Grocery To Outperform Non-Food Retailers Over Key Christmas Period: Shore Capital
Shore Capital Stockbrokers has issued its prognosis for the UK retail sector over the upcoming Christmas period, suggesting that this year’s festive season will be ‘polarised in terms of performance’, with grocers and discounters likely to post a stronger performance than those in non-food channels.
Shore Capital’s report, Food and General Retail: Expectations for Christmas 2017, analysed both the recent BRC – KPMG Retail Sales Monitor (RSM) and Barclaycard data. Overall, it claims that the ‘data highlights weaker consumer confidence, which echoes the views of those retailers who have reported this autumn, suggesting that the UK consumer remains both fragile and volatile’.
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