High food and energy bills will squeeze UK consumers’ budgets in 2023, reducing their overall retail and ecommerce spending. Online sales will also be hampered by the return to stores as shoppers revert to pre-pandemic behaviors.
Key Question: What’s the outlook for UK retail and ecommerce sales in 2023, and how will the different categories fare?
KEY STAT: After falling for the first time ever in 2022, ecommerce sales will rebound by 2.3% this year. But sales growth will remain below pre-pandemic levels as the cost-of-living crisis constrains consumer spending.
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