BRC: Retail sales recover in January
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.”