Retailers told to prepare for lower spending throughout 2016

Thinktank report says consumers are likely to divert spending to nights out and home improvement, with retail sales growth expected to fall year-on-year to 1.7%Retailers will experience slower growth in 2016 as consumers divert spending to nights out and improving their homes rather than shopping, according to a new forecast.Retail sales growth will slip back to around 1.7% in 2016 from about 1.8% this year, according to the KPMG/Ipsos retail thinktank, despite the fact that most consumers have