FONT-SIZE Plus   Neg

UK Same Store Sales Rise In January - BRC

Same store sales in the United Kingdom improved in January.

The British Retail Consortium and KPMG reported Tuesday that on a like-for-like basis, sales were up 1.9 percent compared to January 2012.

BRC said it was the highest like-for-like growth in 13 months.

Total retail sales were up 3.0 percent on year. It marked the highest overall sales growth since September 2012.

BRC said online sales were up 10.1 percent on year.

"After a fairly subdued December, these results are sure to lift spirits for many. Retailers didn't have high hopes for strong sales at Christmas, but this meant that they prepared well and headed into the New Year with less stock to clear than last year," said BRC Director General Helen Dickinson. "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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bond management titan Bill Gross has filed suit against his former employer, PIMCO, for breach of contract related to his ouster from the company. Gross is looking for damages of at least $200 million for forcing him out of the company, according to court filings. Gross claims that other managers conspired to push him out of the firm he co-founded in order to improve their own finances. Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Alcoa Inc. (AA), the largest producer of aluminum in the US, Thursday reported a sharp decline in profit for the third quarter, as sales dropped 11 percent reflecting divestitures and currency headwinds. Both the earnings and revenues fell short of Wall Street analysts' estimates, sending its shares...
comments powered by Disqus
Follow RTT