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UK: retail sales growth slowed in February

ACCORDING to figures published by the British Retail Consortium (BRC), retail sales by physical stores in the UK rose by only 1.1 per cent in February 2016, against a rise of 1.7 per cent recorded a year earlier. In the preceding month, sales had grown by 3.3 per cent. Clothing, footwear and food all suffered lower year-on-year growth in February, when demand tended to centre on furniture and home accessories. But online sales of non-food products remained strong, with growth of 10.7 per cent year-on-year.

Ultimo

Ultimo

In the coming months, consumer behaviour is likely to reflect the uncertainties created by the Brexit referendum scheduled for June 2016.

 

See also:

UK: online spending gathers more strength

UK: online sales record set in November

MARKS & SPENCER: tops UK loyalty index

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