The indicator of the level of retail demand in the United Kingdom. The higher the level of retail sales, the higher the level of demand for goods and the greater the likelihood that prices will rise as a result. Dresdner Kleinwort Wasserstein financial glossary
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retail sales UK US noun [plural] COMMERCE, ECONOMICS
► sales of goods to the public rather than to businesses, stores, etc., often considered in relation to economic activity as a whole: »
Retail sales fell 0.3% in January.
a fall/drop/rise in retail sales »Economists expect a 1.5% rise in retail sales, compared with a 0.1% drop last year.
»Official retail sales figures for March are published next week.
Financial and business terms. 2012.