| | The Financial Times reports that UK retailers have ramped up their discounting and promotional activities amid mounting concern over trading in the crucial run-up to Christmas.
According to PwC, 64% of 100 high street retailers were advertising promotions in their shop windows last week, a slight reduction on 69% seen in 2012. However, the level of discounts being advertised was higher, at 42% this year, compared with 36% in 2012.
The discounting reflects sluggish trading across the high street over the past few weeks, particularly in fashion. |