Home » Finance » UK retail sales rise strongly in January – BRC

UK retail sales rise strongly in January – BRC

Oxford St shoppersBritish retail sales rose strongly in January, boosted by the popularity of tablet computers and smartphones while cheerier shoppers were also lured by special offers, a leading trade body said on Tuesday, Reuters reports.

The British Retail Consortium said the total value of goods sold was up 3% compared to January 2011 – the largest increase since September. It rose 1.5% in December.

On a like-for-like basis, which excludes new floorspace, sales were 1.9% higher. That was the fastest rise since December 2011 and followed a 0.3% tick-up in sales in December 2012.

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,” said BRC Director General Helen Dickinson.

The findings, which follow a survey showing a surprise pick-up in British consumer morale last month, may raise hopes that the economy will grow in the first quarter of 2013, dodging a ‘triple-dip’ recession.

By adopting Infomatrix OneView, businesses can benefit to achieve increased performance, growth and market share.

Oneview’s flexible BI Platform provides web based reporting, displays financial dashboards and, its multi dimensional analytics presents all critical business information in a single view.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.