Retail Sales Rise in January Despite Snow

Posted on 12 February, 2013 by MOVEHUT

The latest retail figures reveal that sales grew at their fastest rate in 13 months in January despite widespread snow across the country.  According to the British Retail Consortium (BRC) last month’s like-for-like retail sales were up 1.9 per cent on the previous year.

Footwear performed well during January

January online sales were also strong – more than 10 per cent higher compared to that in January 2012. Sales of televisions, smartphones and tablet computers were particularly strong, the BRC said.

Helen Dickinson, BRC Director General said: “After a fairly subdued December, these results are sure to lift spirits for many.

“People were tempted out by offers and promotions but also treated themselves to full-price and premium products early in January, particularly must-have technology items.

“These factors, coupled with recovering consumer confidence, have added up to a more successful January than we saw last year.”

Although the snow hit sales, its impact was restricted and did not cancel out the month’s otherwise high sales, she added.

Dickinson said: “Its force was felt in some areas more than others – footwear performed well thanks to a ‘boots boost’ but it wasn’t such a good month for clothing.”

The figures announced that the mood was “lifting a little” for both retailers and customers the BRC said.

However despite January’s strong sales, three high street firms called in administrators over the course of the month.

David McCorquodale, Head of retail at accountancy group KPMG, said improvements in technology had hastened the passing of HMV, Jessops and Blockbuster, which have all collapsed since the start of 2013.

McCorquodale added: “Many retailers will look back at the last two months with pride after implementing successful seasonal campaigns where they have served the customer well.”

The BRC results come as a Markit/Cips Purchasing Managers’ Index (PMI) for the UK’s leading service sector reveal growing confidence among businesses during January.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market