logo
Share SHARE
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
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT