Select Country Report
2025 Developments
Retail in the UK in 2025 demonstrated notable resilience, recording GBP497.5 billion in current value and achieving 4% growth, well above GDP growth and outpacing the regional context despite ongoing inflationary pressure and subdued consumer sentiment. The environment is highly attractive for businesses that can adapt to pronounced value-seeking behaviour and the accelerated shift towards digital, as consumers increasingly prioritise affordability, convenience, and rapid fulfilment across both online and physical channels. Success in this landscape hinges on embedding price competitiveness, leveraging omnichannel strategies, and investing in immersive, differentiated store experiences—particularly as digital discovery and social commerce fundamentally alter how shoppers engage, compare, and transact across all major retail channels.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in United Kingdom report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in United Kingdom?
- Which are the leading retailers in Retail in United Kingdom?
- How are products distributed in Retail in United Kingdom?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in United Kingdom?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in the United Kingdom
2025 Developments
Key Data Insights
Chart 1 Key Industry Trends for Retail
Tesco Repositions Pricing to Counter Discounter Gains
Retail E-Commerce Sets a New Standard for Everyday Shopping
Tiktok Shop Drives Discovery-Commerce and Resets Retail Strategies
Chart 2 Tiktok Shop Redefines Uk Online Retail as Social Commerce Goes Mainstream in 2025
Chart 3 Value Sales 2020-2030
Chart 4 Value Sales by Category 2025
Amazon and Tiktok Shop Drive a Rapid Shift to Value and Convenience
Experiential Stores and Ai-Powered Journeys Reshape Shopping Missions
Chart 5 Forecast Value Sales 2020-2030
Chart 6 Forecast Value Sales by Category 2025-2030
Chart 7 Analyst Insight for Retail
Amazon’S Rapid Ascent and Lidl’S Expansion Reshape Competitive Balance
Chart 8 Company Shares 2025
Chart 9 Brand Shares 2025
Chart 10 Waitrose Unveils “Home of Food Lovers” – a Next Generation Experiential Grocery Concept
Chart 11 B&Q Pioneers Click-And-Collect Marketplace to Streamline Omnichannel Shopping
Informal Retail
Opening Hours for Physical Retail
Chart 12 Standard Opening Hours by Channel Type 2025
Seasonality
Valentine’s Day
International Women’s Day
Easter
Back-to-school
Black Friday
Christmas
Chart 13 Economic Context for Retail
Chart 14 Real Gdp Growth 2020-2030
Chart 15 Inflation 2020-2030
Chart 16 Consumer Context for Retail
Chart 17 Population 2020-2030
Chart 18 Population by Generation 2025
Convenience Retailers in the United Kingdom
Key Data Insights
Convenience Retailers Summary
Chart 19 Key Industry Trends for Convenience Retailers
Tesco Express and Sainsbury’S Local Drive Value-Led Growth as Footfall Shifts to Modern Convenience
Sainsbury’S Local Refreshes Store Design to Win “Little and Often” Shoppers
Chart 20 Sainsbury’S Local Debuts a Revamped Format Tailored to “Little and Often” Shoppers
Co-Op’S Aldi Price Match Meets Demand for Everyday Value as Shoppers Seek Affordability in Convenience
Chart 21 Co-Op Introduces Aldi Price Match to Reinforce Value Credentials in Convenience
Chart 22 Value Sales 2020-2030
Chart 23 Value Sales by Category 2025
Tesco and Sainsbury’S Invest in Speed and Local Relevance to Defend Their Share
Co-Op and Spar Leverage Digital Loyalty and Partnerships to Boost Retention
Chart 24 Forecast Value Sales 2020-2030
Chart 25 Forecast Value Sales by Category 2025-2030
Chart 26 Analyst Insight for Convenience Retailers
M&S Simply Food Extends Sales Lead with Value and Innovation
Premier Outpaces Rivals with Flexible Expansion and Local Relevance
Chart 27 Company Shares 2025
Chart 28 Brand Shares 2025
Chart 29 Economic Context for Convenience Retailers
Chart 30 Real Gdp Growth 2020-2030
Chart 31 Inflation 2020-2030
Chart 32 Consumer Context for Convenience Retailers
Chart 33 Population 2020-2030
Chart 34 Population by Generation 2025
Supermarkets in the United Kingdom
Key Data Insights
Supermarkets Summary
Chart 35 Key Industry Trends for Supermarkets
Asda Triggers Price War as Discounter Tactics Reshape Competition
Chart 36 Asda’S 2025 Pricewar Relaunch
Morrisons Adopts Shelf-Scanning Robots to Boost Efficiency and Accuracy
Chart 37 Morrisons’ Ai-Powered “Tally” Robots Redefine In-Store Operations
Online Grocery Evolves with Faster Delivery and Convenience-Led Innovation
Chart 38 Value Sales 2020-2030
Tesco, Sainsbury’S and Asda Sharpen Price Perception to Protect Shopper Loyalty
Waitrose, Tesco and the Co-Operative Drive Digital Transformation and Sustainability to Meet Evolving Shopper Expectations
Chart 39 Forecast Value Sales 2020-2030
Chart 40 Analyst Insight for Supermarkets
Waitrose Accelerates Growth with Premium Ranges and Technology Upgrades
Chart 41 Company Shares 2025
Chart 42 Brand Shares 2025
Chart 43 Economic Context for Supermarkets
Chart 44 Real Gdp Growth 2020-2030
Chart 45 Inflation 2020-2030
Chart 46 Consumer Context for Supermarkets
Chart 47 Population 2020-2030
Chart 48 Population by Generation 2025
Hypermarkets in the United Kingdom
Key Data Insights
Hypermarkets Summary
Chart 49 Key Industry Trends for Hypermarkets
Morrisons Expands Price Match as Discounter Gains Squeeze Margins
Chart 50 Morrisons Doubles Down on Price Match to Defend Share against Discounters
Morrisons and Asda Refocus Large Stores as Online Erodes Footfall
Chart 51 Hypermarkets Reinvent In-Store Experiences to Compete with the Convenience of Online
Chart 52 Value Sales 2020-2030
Aldi and Lidl Accelerate Share Gains as Shoppers Shift Spend
Tesco and Sainsbury’S Invest in Loyalty and Premium Experience to Slow Declines
Chart 53 Forecast Value Sales 2020-2030
Chart 54 Analyst Insight for Hypermarkets
Tesco Leverages Value Strategies to Sustain Its Share Leadership
Chart 55 Company Shares 2025
Chart 56 Brand Shares 2025
Chart 57 Economic Context for Hypermarkets
Chart 58 Real Gdp Growth 2020-2030
Chart 59 Inflation 2020-2030
Chart 60 Consumer Context for Hypermarkets
Chart 61 Population 2020-2030
Chart 62 Population by Generation 2025
Discounters in the United Kingdom
Key Data Insights
Discounters Summary
Chart 63 Key Industry Trends for Discounters
Aldi and Lidl Reshape Value Expectations with Nationwide Expansion
Lidl’S Premium Private Label Launches Redefine Shopper Expectations
Chart 64 Lidl’S Premium Private Label Expansion Drives Discounters’ Momentum in 2025
Aldi Accelerates Expansion as Value Loyalty Deepens
Chart 65 Aldi Responds to the Growing Appeal of Discount Retail with a Gbp1.6 Billion Expansion
Chart 66 Value Sales 2020-2030
Aldi and Lidl to Expand Networks to Capture Lasting Value Loyalty
Lidl and Aldi to Strengthen Sustainable Sourcing to Attract Quality-Conscious Shoppers
Chart 67 Forecast Value Sales 2020-2030
Chart 68 Analyst Insight for Discounters
Lidl Accelerates Growth as Aldi’S Lead Narrows
Chart 69 Company Shares 2025
Chart 70 Brand Shares 2025
Chart 71 Economic Context for Discounters
Chart 72 Real Gdp Growth 2020-2030
Chart 73 Inflation 2020-2030
Chart 74 Consumer Context for Discounters
Chart 75 Population 2020-2030
Chart 76 Population by Generation 2025
Small Local Grocers in the United Kingdom
Key Data Insights
Small Local Grocers Summary
Independent Grocers Close Stores as Rising Costs Outpace Sales
Store Closures Prevent Any Area of Growth among Independents
Shoppers Seek Better Value, Accelerating Shift to Discounters
Chart 77 Value Sales 2020-2030
Tesco Express and Deliveroo Partnerships Drive Polarisation in Performance
Hyper-Local and Wellness-Led Formats Resist Wider Closures as Economic Headwinds Persist
Chart 78 Forecast Value Sales 2020-2030
Chart 79 Analyst Insight for Small Local Grocers
Holland and Barrett Modernises Stores to Capture Demand for Wellness
Chart 80 Company Shares 2025
Chart 81 Brand Shares 2025
Chart 82 Economic Context for Small Local Grocers
Chart 83 Real Gdp Growth 2020-2030
Chart 84 Inflation 2020-2030
Chart 85 Consumer Context for Small Local Grocers
Chart 86 Population 2020-2030
Chart 87 Population by Generation 2025
General Merchandise Stores in the United Kingdom
Key Data Insights
General Merchandise Stores Summary
Chart 88 Key Industry Trends for General Merchandise Stores
Selfridges Reinvents In-Store Experience to Drive Renewed Engagement
Chart 89 Selfridges Birmingham Unveils the Uk’S Largest Beauty Hall outside London
Department Stores Capture Growth as Variety Stores Lose Ground
B&M’S Focus on Essentials Cushions Decline in Value-Led Retail
Chart 90 B&M – “Back to B&M Basics” Operational Reset
Chart 91 Value Sales 2020-2030
Chart 92 Value Sales by Category 2025
Retail E-Commerce Reshapes Store Strategies as Digital Expectations Rise
Variety Retailers Outpace Department Stores as Value Drives Expansion
Experiential Formats and Digital Integration Shape Future Resilience
Chart 93 Forecast Value Sales 2020-2030
Chart 94 Forecast Value Sales by Category 2025-2030
Chart 95 Analyst Insight for General Merchandise Stores
Home Bargains Accelerates Store Expansion to Challenge B&M’S Lead
Chart 96 Company Shares 2025
Chart 97 Brand Shares 2025
Chart 98 Economic Context for General Merchandise Stores
Chart 99 Real Gdp Growth 2020-2030
Chart 100 Inflation 2020-2030
Chart 101 Consumer Context for General Merchandise Stores
Chart 102 Population 2020-2030
Chart 103 Population by Generation 2025
Apparel and Footwear Specialists in the United Kingdom
Key Data Insights
Apparel and Footwear Specialists Summary
Chart 104 Key Industry Trends for Apparel and Footwear Specialists
Schuh and Primark Rebuild Engagement through In-Store Experience
Chart 105 Schuh’S Experiential Edinburgh Flagship as a Response to Rising E-Commerce
Primark and Schuh Elevate In-Store Discovery to Counter the Digital Shift
Chart 106 Primark’S Manchester Flagship Reinvents Physical Retail to Drive Engagement
Chart 107 Value Sales 2020-2030
Retailers Embed Circular Fashion and Digital Innovation to Meet Rising Expectations
Chart 108 Forecast Value Sales 2020-2030
Chart 109 Analyst Insight for Apparel and Footwear Specialists
Primark Consolidates Store Network as Zara Outpaces Rivals
Zara Accelerates Growth through Store Innovation and Product Authority
Chart 110 Company Shares 2025
Chart 111 Brand Shares 2025
Chart 112 Economic Context for Apparel and Footwear Specialists
Chart 113 Real Gdp Growth 2020-2030
Chart 114 Inflation 2020-2030
Chart 115 Consumer Context for Apparel and Footwear Specialists
Chart 116 Population 2020-2030
Chart 117 Population by Generation 2025
Appliances and Electronics Specialists in the United Kingdom
Key Data Insights
Appliances and Electronics Specialists Summary
Chart 118 Key Industry Trends for Appliances and Electronics Specialists
Currys Accelerates Digital-First Shift as Shoppers Delay Upgrades
Currys Closes City-Centre Locations as Online-First Approach Outpaces Rivals
Chart 119 Currys’ Shifting Strategy Highlights How E-Commerce Is Reshaping the Category
Vodafonethree Leverages Consolidation to Capture Device Sales and Boost Bargaining Power
Chart 120 Value Sales 2020-2030
Online Specialists Attract Cautious Shoppers as Store Networks Shrink
E-Commerce Outpaces In-Store Sales as Value and Convenience Drive Loyalty
Chart 121 Forecast Value Sales 2020-2030
Chart 122 Analyst Insight for Appliances and Electronics Specialists
Currys Builds Lead as Vodafonethree Merger Reshapes Rivals
Chart 123 Company Shares 2025
Chart 124 Brand Shares 2025
Chart 125 Economic Context for Appliances and Electronics Specialists
Chart 126 Real Gdp Growth 2020-2030
Chart 127 Inflation 2020-2030
Chart 128 Consumer Context for Appliances and Electronics Specialists
Chart 129 Population 2020-2030
Chart 130 Population by Generation 2025
Home Products Specialists in the United Kingdom
Key Data Insights
Home Products Specialists Summary
Chart 131 Key Industry Trends for Home Products Specialists
Ikea Leverages Value-Led Promotions to Boost Store Traffic and Spend
Chart 132 Ikea Drives Footfall with Tiered In-Store Family Discounts
Screwfix Accelerates Rapid Delivery to Win Digital-First Shoppers
Chart 133 Screwfix Accelerates Digital Fulfilment as Offline Demand Softens
Chart 134 Value Sales 2020-2030
Chart 135 Value Sales by Category 2025
Ikea and Pets at Home to Sustain Growth as Hybrid Work Reshapes Spending
Hybrid Retail and Sustainability to Drive Competitive Differentiation In-Store
Chart 136 Forecast Value Sales 2020-2030
Chart 137 Forecast Value Sales by Category 2025-2030
Chart 138 Analyst Insight for Home Products Specialists
The Range Accelerates Growth through Homebase Conversions and Value Focus
Chart 139 Company Shares 2025
Chart 140 Brand Shares 2025
Chart 141 Economic Context for Home Products Specialists
Chart 142 Real Gdp Growth 2020-2030
Chart 143 Inflation 2020-2030
Chart 144 Consumer Context for Home Products Specialists
Chart 145 Population 2020-2030
Chart 146 Population by Generation 2025
Health and Beauty Specialists in the United Kingdom
Key Data Insights
Health and Beauty Specialists Summary
Chart 147 Key Industry Trends for Health and Beauty Specialists
Boots Drives Value-Led Transformation with Own-Brand Expansion
Chart 148 Boots Expands Own-Brand Wellness and Beauty Range to Strengthen Value Positioning
Superdrug Redefines In-Store Beauty Experience to Boost Engagement
Chart 149 Superdrug Turns Stores into Experiential “Beauty Playgrounds”
Value-Seeking and Premiumisation Shape Wellness and Beauty Habits
Chart 150 Value Sales 2020-2030
Chart 151 Value Sales by Category 2025
Retailers Respond to Cost-Of-Living Pressures with Affordable Quality
Retailers Integrate Technology and Service to Drive Footfall and Loyalty
Private Label and Omnichannel Pricing Strategies Defend Share against Online Rivals
Chart 152 Forecast Value Sales 2020-2030
Chart 153 Forecast Value Sales by Category 2025-2030
Chart 154 Analyst Insight for Health and Beauty Specialists
Boots Leverages Omnichannel Strength to Reinforce Leadership
The Perfume Shop Leverages Boutique Upgrades to Accelerate Sales Growth
Chart 155 Company Shares 2025
Chart 156 Brand Shares 2025
Chart 157 Economic Context for Health and Beauty Specialists
Chart 158 Real Gdp Growth 2020-2030
Chart 159 Inflation 2020-2030
Chart 160 Consumer Context for Health and Beauty Specialists
Chart 161 Population 2020-2030
Chart 162 Population by Generation 2025
Vending in the United Kingdom
Key Data Insights
Vending Summary
Operators Accelerate Smart Vending to Meet Demand for Healthier and More Flexible Options
Foods Vending, Drinks and Tobacco Vending Drive Value through Premiumisation and Convenience
Operators Respond to Health-Driven Demand by Expanding Plant-Based and Premium Choices
Chart 163 Value Sales 2020-2030
Chart 164 Value Sales by Category 2025
Reverse Vending Machine Expansion Unlocks New Revenue Streams
Smart Technology and Premium Formats Reshape Food and Drink Offerings
Operators Leverage Ai and Automation to Drive Operational Efficiency and Customer Loyalty
Chart 165 Forecast Value Sales 2020-2030
Chart 166 Forecast Value Sales by Category 2025-2030
Chart 167 Analyst Insight for Vending
Costa Express Expands Tea and Coffee to Strengthen Premium Appeal
Chart 168 Company Shares 2025
Chart 169 Brand Shares 2025
Chart 170 Economic Context for Vending
Chart 171 Real Gdp Growth 2020-2030
Chart 172 Inflation 2020-2030
Chart 173 Consumer Context for Vending
Chart 174 Population 2020-2030
Chart 175 Population by Generation 2025
Direct Selling in the United Kingdom
Key Data Insights
Direct Selling Summary
Chart 176 Key Industry Trends for Direct Selling
Avon Uk Accelerates Digital Shift as Shoppers Favour Online-First Experiences
Avon Uk Leverages Tiktok and Social Commerce to Re-Engage Shoppers
Chart 177 Avon Uk Continues Shift to Digital and Social Commerce
Chart 178 Value Sales 2020-2030
Chart 179 Value Sales by Category 2025
Social Commerce and Ai Drive Digital-First Transformation
Chart 180 Forecast Value Sales 2020-2030
Chart 181 Forecast Value Sales by Category 2025-2030
Chart 182 Analyst Insight for Direct Selling
Avon Accelerates Digital Investment to Regain Share From Slower Rivals
Chart 183 Company Shares 2025
Chart 184 Brand Shares 2025
Chart 185 Economic Context for Direct Selling
Chart 186 Real Gdp Growth 2020-2030
Chart 187 Inflation 2020-2030
Chart 188 Consumer Context for Direct Selling
Chart 189 Population 2020-2030
Chart 190 Population by Generation 2025
Retail E-Commerce in the United Kingdom
Key Data Insights
Retail E-Commerce Summary
Chart 191 Key Industry Trends for Retail E-Commerce
Amazon Extends Prime Day, Transforming Shopping Habits and Boosting Marketplace Dominance
Chart 192 Amazon’S Extended Prime Day Highlights the Growing Power of Marketplaces in the Uk
Tiktok Shop Local Turns Social Content into Direct Sales for Small Businesses
Chart 193 Tiktok Shop Local Turns Social Content into a Sales Engine for Uk Small Businesses
Chart 194 Value Sales 2020-2030
Chart 195 Value Sales by Category 2025
Temu Marketplace to Drive Growth as Value-Conscious Consumers Shift to Mobile and Social Commerce
Ai-Powered Personalisation and Sustainable Fulfilment to Drive Business Transformation
Chart 196 Forecast Value Sales 2020-2030
Chart 197 Forecast Value Sales by Category 2025-2030
Chart 198 Analyst Insight for Retail E-Commerce
Amazon Leverages Promotional Scale as Tiktok Shop Accelerates Share Gains
Chart 199 Company Shares 2025
Chart 200 Brand Shares 2025
Chart 201 Economic Context for Retail E-Commerce
Chart 202 Real Gdp Growth 2020-2030
Chart 203 Inflation 2020-2030
Chart 204 Consumer Context for Retail E-Commerce
Chart 205 Population 2020-2030
Chart 206 Population by Generation 2025
Country Reports Disclaimer
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, wholesale sales (e.g. Cash and Carry), and sales through cannabis dispensaries in markets where cannabis is sold legally. Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitions
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