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London sales rebound from snow blip.
Archived article dated Monday March 15th 2010
Retail sales in central London in February were 9.9% higher on a like-for-like basis than a year ago, when sales had risen 5.8% according to the BRC-KPMG London retail sales monitor.
In snow-hit January, growth was only 3.4%.
February was very cold and wet but this was less disruptive than January's snow. Retail footfall in improved but remained below its year-earlier level.
Sterling's weakness continued to attract overseas visitors, especially from western Europe, China and the Middle East. Chinese visitors in particular were much more numerous than a year ago.
Food sales slowed, after shoppers had stocked up during January's snow. Homewares picked up and clothing and footwear benefited from the cold wet weather and extended discounts.
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