German monthly retail sales declined in March at their fastest rate since January 2007 as shops remained closed in a lockdown to slow the spread of the coronavirus in Europe's biggest economy, data showed on Thursday.
UK retail suffered historic sales falls during March with volumes down by 5.1% compared to February and down 5.7% by value, the largest fall since the Office for National Statistics started recording figures.
Britain's inflation rate dropped in March when the coronavirus crisis escalated, official data showed on Wednesday, with a fall in clothing and footwear prices signalling how cautious shoppers were turning.
Britain’s economy looks set for a widely feared record contraction after figures showed retail spending plunged by more than a quarter and one in four firms stopped trading temporarily due to the coronavirus lockdown.
Footwear chain Office is up for sale with reports that its South African owner Truworths is seeking a quick exit from the UK-based brand that has had more than its fair share of problems in recent years.