Home
Investment
News & Views
Company News
news storage
Retail sales warm up in February
Wed, 08 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Retail sales warm up in February
Tue, 9 Mar 2010, 08:32:00
Retail sales recovered in February as the freeze that affected January eased, but the British Retail Consortium still said the figures were very weak. Like-for-like sales were up 2.2%, the BRC said, compared the 0.7% fall seen in January, when the snow hampered people's ability to get to the shops, but the BRC added that the comparison in 2009 was very weak and the underlying trends give grounds for caution. "Despite appearances, these results are not that strong," director general Stephen Robertson said. "The growth is compared with very weak figures a year ago when February saw the worst of last winter's weather and this February's performance was helped by sales postponed from January - particularly sales of non-food items such as homewares and fashion." Food sales for instance grew at their slowest rate since 2007, the BRC said. One beneficiary of the cold weather was online and telephone sales, which rose by 15.5% compared over last year as online retailers caught up with the backlog of orders caused by the cold snap.
©2004-2009 QCK.com
