BRC: Retail sales recover in January

| February 8, 2011 | 0 Comments

Retail sales recovered in January after the heavy snowfall in December knocked sales.

According to the British Retail Consortium (BRC)/KPMG retail sales monitor, like-for-like retail sales grew by 2.3% in January on an annual basis - the best showing since March 2010.

Total sales increased 4.2%, up from 1.5% in December.

However, the BRC highlights that sales growth could be attributed to heavy discounts and a rush to beat the VAT hike on 4 January.

It also points out that the figures compare to January 2010 - when the country was hit by severe disruption due to snow and ice.

Stephen Robertson, BRC director general, comments: “Comparisons are with a feeble, snow-hit performance a year ago.

“Growth this January was driven by a relatively short but strong burst of non-food buying early in the month.”

Tags: , , discounting, , , , , , VAT hike

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