BRC cautiously welcomes January retail sales uptick

SAHAR NAZIR | January 5, 2019

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Retail sales increased by 2.2 per cent in January against an increase of 1.4 per cent in the same month last year, marking the highest growth since June, according to the latest BRC-KPMG Retail Sales Monitor. On a like-for-like basis, retail sales increased by 1.8 per cent from January 2018, when they had increased 0.6 per cent from the preceding year. Over the three months to January, in-store sales of non-food items declined by 2.6 per cent on a total basis and 3.2 per cent on a like-for-like basis. Meanwhile, food sales increased by 1.3 per cent on a like-for-like basis and 2.4 per cent on a total basis, the highest since September. BRC also found that non-food retail sales in the UK decreased by 0.8 per cent on a like-for-like basis and 0.4 per cent on a total basis.This is below the 12-month total average decrease of 0.2 per cent.Online sales of non-food products did well as they grew by 5.4 per cent in January, against a growth of 5.3 per cent in January 2018.

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