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UK retailers suffer worst Jan sales growth in 15 years

09.02.2010
UK retailers suffered the worst January sales growth in 15 years last month, according to new data from the British Retail Consortium (BRC).

The BRC said the value of UK retail sales during January 2010 rose by 1.2pc, which is the slowest rate of growth recorded in any January since the BRC’s records began in 1995.

This also represents a sharp drop on the 6pc rise in retail sales value reported in December 2009.

Meanwhile, like-for-like retail sales fell 0.7pc in January 2010, which also marked their steepest fall since January 1995.

While last month’s snow in the UK boosted food sales in the first week of January as people stocked up on essentials, it hit non-food, especially discretionary items, the BRC said.

However, when the weather improved, food sales slowed but non-food staged a partial recovery, it said.

Non-food non-store sales (including internet, mail-order and phone sales) in January were 14.6pc higher than a year ago compared with 26.5pc in December, the BRC noted, suggesting that some of these retailers had benefited from shoppers buying online when snow prevented them from getting out.

 

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