
1.8 per cent like-for-like drop on the High Street, though online retail continues to rise
The unexpected upturn in retail fortunes seen in January has not been carried over to February, with the British Retail Consortium reporting a 1.8 per cent like-for-like drop on the High Street compared to the same month in 2008.
Retail Week reports that total sales did grow, at least, increasing by 0.1 per cent, though this is down on the 3.2 per cent growth seen last month. Like-for-like sales grew by 1.1 per cent in January.
Stats for the three months ending February show a 1.4 per cent like-for-like fall, with non-food sales dropping by 5.3 per cent with many of retail’s post-Christmas sales coming to an end. Homewares and big-ticket items were hit particularly hard.
However, there was continued boom in non High Street sales, which climbed 12.3 per cent in February, though the number was down from the 19.2 per cent seen in January.
“These are disappointing figures,” BRC director-general Stephen Robertson stated. “It's now clear we were right to fear January's surprise year-on-year sales rise was just a discount-driven blip. Every non-food sector, apart from children's clothes, saw like-for-like sales down on a year ago.
Advertisement
“Early February snow didn't help but customers and retailers' difficulties run deeper. Meanwhile Government stands by. We're not looking for handouts but, from business rates increases to a supermarket ombudsman, we don't need costly new handicaps.”
Comments
Leave a Comment
HOT TOPICS
Religious leaders slam Modern Warfare 2 130
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 36
Russia pulls Modern Warfare 2 from sale? 16
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
The Producers pulls out of Trilogy partnership 11
60% of UK 360s have failed 11
Xbox Live class action begins 10
Facebook hitting PS3 today 8
Call of Duty inspires new retailers 6
RELATED STORIES
High Street sales reach unprecedented pre-Xmas levels 1
January retail figures give “room for optimism”
Retail sales slump again in May 1
UK retail sales climb despite credit crunch 3
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
Empty shops to reach record levels
UK retail sees 0.7% Q1 decline 1
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












