EY Head of Retail comments on the ONS retail figures

24 July 2014

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Julie Carlyle, Head of Retail at EY, comments on the ONS retail figures published today:

“"The increased spend in the retail industry reflected in the ONS figures is perhaps aligned to the boost in the labour market through rising employment. However, there is a note of caution as consumers hold back due to concern over the potential interest rate rise. The momentum of change in spending behaviours continues and retailers need to respond to the changing patterns of footfall and traffic as well as the ever increasing expectation of promotional activity."