UK Faces Energy Crisis As Consumers Prioritize Essentials
UK consumers are actively responding to the energy crisis, with sales of thermal underwear and energy-efficient appliances surging. Despite a slight increase in retail sales value, actual sales volumes have decreased as high inflation exacerbates the cost of living crisis. Consumer confidence is down, leading to more cautious shopping habits. Retailers face the dual challenge of rising costs and declining purchasing power. The energy crisis is significantly shaping consumer behavior and impacting the UK retail landscape.
