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13 Sep 2025

With D2C bike brands facing significant headwinds, local bike have seen modest but real improvements in profits and prospects. Partnerships like ACT and Bikmo are helping independents strengthen...

5 Sep 2025

The average cycle trip in England lasted 24 minutes in 2024, remaining consistent with the previous year, new figures from the National Travel Survey have revealed.

4 Sep 2025

A panel event hosted by ACT Director Jonathan Harrison will focus on retailer experiences and how they are adapting to a number of challenges within the sector at this year’s inaugural...

3 Sep 2025

Cycling just two miles to work can improve heart health by up to 30 per cent compared with driving, new research has shown.

3 Sep 2025

The UK is far behind most European countries in e-bike sales, according to new research from ACT member Paul's Cycles.

2 Sep 2025

A barber's shop in Northern Ireland has proved that it's a cut above the rest by picking up the inaugural Love Your High Street Award 2025, following a public vote that attracted over 2,230...

29 Aug 2025

Pre-registration has now opened for the very first Cycling Industry News Live (CIN Live) show, taking place on Sunday 14 and Monday 15 September 2025 at NAEC Stoneleigh, Warwickshire.

20 Aug 2025

ACT parent company Bira has expressed serious concern following today's announcement that UK inflation rose to 3.8% in July, higher than the expected 3.7% and marking the tenth consecutive month...

20 Aug 2025

Cycling and active living charity Sustrans has claimed there is strong evidence that a lack of infrastructure is the biggest barrier to getting more people on bikes in Northern Ireland.

14 Aug 2025

The global bike industry remains under pressure as Shimano, Giant and Canyon all report weaker profits and subdued outlooks for 2025.

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UK retail sales growth at its lowest since Covid-19 lockdowns ended

Posted on in Business News , Cycles News

Britain’s retailers in September saw their sales grow by the slowest rate since shops reopened after the end of Covid-19 lockdowns, as consumers cut spending in the face of rising energy costs and inflation.

Retail sales increased by 2.8% in September, compared with a 3.6% rise in August, according to BDO's High Street Sales Tracker.

Retail sales

"The actual performance for retailers may be even worse than these results suggest. With rising inflation, data suggests that the actual volume of sales is down significantly while it is higher prices that is driving the growth," said Sophie Michael, BDO's head of retail and wholesale.

Sales peaked at 4.9% in the second week of September and then fell to 1.3% in the third and fourth weeks.

Fashion sales rose 6.7%, while lifestyle sales increased by just 1.2%.

The homewares sector had a disappointing month with sales declining by 6.3%, reflecting belt-tightening by consumers after they spent significant sums improving their homes during the pandemic.

"While the overall like-for-like is not quite going backwards across all discretionary spending categories, it's clear that it's trending downwards,” said Michael.

"In addition, with the pound's current level against the US dollar and euro, retailers that rely on imports are paying more for their products, eating into already slim margins.

"The one bright spot is that with the pound's weakness, the UK becomes an attractive destination for overseas tourists doing their Christmas shopping. However, this is unlikely to provide much of a boost to retailers beyond flagship stores in major cities.”

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