U.K. retail sales growth lost momentum in August, with both shops and consumers pointing to concerns over higher prices. The value of goods sold in shops and online grew 3% in August from a year earlier, the British Retail Consortium and KPMG said, less than the 3.9% recorded the same month in 2020. Despite higher demand for clothing, especially as people returned to the office and social events such as weddings, BRC Chief Executive Helen Dickinson said retailers were “grappling with higher costs across the supply chain.” Staffing pressures and shortages of raw materials have meant some stores have had availability ... (full story)