DIYWEEK.net

 

February sales up but figures distorted by snow

Published: 9 March 2010
UK retail sales values rise 2.2% in February, with homewares returning to growth but BRC stresses that comparisons are weak as a result of snow and a poor economic outlook last year.
February sales up but figures distorted by snow
According to figures from the BRC-KPMG Retail Sales Monitor, the increase in sales values is on a like-for-like basis from February 2009, when sales had dropped 1.8%, hit by snow and consumer caution. On a total basis, sales rose 4.5% against only 0.1% growth in February 2009.

Non-food recovered last month, having taken a dive with the snow in January. However, growth was often against larger declines a year ago. According to the BRC, homewares and furniture returned to growth, while non-food non-store sales in February were 15.5% higher than a year ago, compared with 14.6% in January.

British Retail Consortium director general Stephen Robertson said: "Despite appearances, these results are not strong. 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."

He added: "Consumer confidence is certainly up on this time last year but, with unemployment rising again, spending plans are falling. When the weather-related distortions are stripped away, it's clear customers are still cautious."

KPMG head of retail Helen Dickinson commented on the results: "As the month progressed, clothing and footwear...as well as home accessories and textiles, continued to perform well, as they had done in January. However, other non-food sectors were not so fortunate, highlighting the difficulties in enticing discretionary spending given the political and economic uncertainties ahead. The consumer remains cautious and confidence fragile."

Comments


(Your email address will not be published)
7 + 8 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories

http://www.diyweek.net/february-sales-up-but-figures-distorted-by-snow