Shoppers shunned the high street and kept their wallets closed last month, leading to sales plunging in May faster than at any time in the last 24 years, new data shows. Sales dropped 2.7% in the four weeks to May 25 compared with a month earlier, according to the BRC-KPMG Retail Sales Monitor, making it the biggest fall since records began in January 1995. There was an even bigger 3% fall in May compared with the same period a year ago on a like-for-like basis – the steepest drop since December 2008 – when Easter distortions are excluded. Helen Dickinson, chief executive of the British Retail Consortium (BRC), warned the … (full story)