Economics
U.K. Retail Sales Fall in November Amid Fresh Lockdowns
Britain’s retail giant Arcadia Group and department-store chain Debenhams have collapsed as the economy experienced its worst slump in 300 years.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
U.K. retail sales fell in November as shoppers stayed home during an England-wide lockdown, although the decline wasn’t as sharp as some analysts feared.
The volume of sales in stores and online fell 3.8% from a month earlier, the Office for National Statistics said Friday. Economists expected a drop of 4.2%.