
Like-for-like sales increase, despite non-food losses, whilst strong growth continues online
The retail figures for January are in and paint a mixed picture, with the good news of an overall like-for-like increase of 1.1 per cent in sales muddied by news that non-food sales slipped 1.6 per cent.
Retail Week reports that BRC-KPMG Retail Sales Monitor numbers showed a total sales increase of 3.2 per cent, though this was lead by a 5.1 per cent like-for-like jump in food sales.
However, online saw tremendous gains on the month before, with non-food internet sales shooting up by 19.2 per cent, though this was down on the 30 per cent increase seen in December.
The increases were driven by the ongoing widespread discounting on the High Street, the BRC claimed, thought it added that much of the activity occurred at the beginning of the month with sales dropping off towards the end
“These surprisingly good figures give some room for optimism,” BRC director general Stephen Robertson stated. “Overall sales growth turned positive and is higher than it's been since last May.
Advertisement
“Food sales growth rose. Non-food sales fell more slowly, suggesting January clearance deals released pent-up demand and customers started to spend on goods they've been intending to buy for months.
“But the fundamentals haven't changed. Job fears are mounting. Consumer confidence is at record lows. It remains to be seen whether January's discount driven growth was just a blip.”
Comments
Leave a Comment
HOT TOPICS
Religious leaders slam Modern Warfare 2 130
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 78
The Producers pulls out of Trilogy partnership 17
Russia pulls Modern Warfare 2 from sale? 16
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
60% of UK 360s have failed 13
Xbox Live class action begins 12
Facebook hitting PS3 today 8
Call of Duty inspires new retailers 7
RELATED STORIES
High Street sales reach unprecedented pre-Xmas levels 1
VAT cut can’t stop poor December at retail 8
Early December High Street stats positive 1
Tomorrow is the biggest day for UK retail 1
Retail sales dip in February
UK retail sees 0.7% Q1 decline 1
Retail sales slump again in May 1
UK retail sales climb despite credit crunch 3
Empty shops to reach record levels
October boom on High Street
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets












