According to a report in the Financial Times produced by British Retail Consortium and KPMG, the UK retail sales growth crept higher in January with rising prices for food offsetting low sales for other items.
The stats also showed that like-for-like retail sales grew 0.6 per cent year on year in January, the report said.
Paul Martin, who is the head of retail at KPMG, commented: “There was little growth in most categories besides food. Bigger ticket items such as furniture traditionally rely on strong post-Christmas trade, but this year seem to have struggled to woo consumers with the lure of a sale sign in the window. Online sales fared better, with bargain hunters most interested in fashion and tech”
Helen Dickinson, chief executive of the BRC, added: “Overall though, the going remains bumpy as consumers are still seeing wages fall in real terms. Although inflation will ease a bit this year these pressures will remain, so to ensure no more pain is added to household budgets, we want to see our Brexit negotiators focus on delivering the terms of the transition to provide businesses and consumers with some much-needed certainty.”
Joalpe is pleased to hear of the growth in the retail sector in January after a difficult November and December period which saw huge fluctuations in the market growth.
Joalpe provides retail solutions for any size shop, including baskets, display cases and much more. For more information, please do not hesitate to contact us today.