logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT