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UK retail sales impacted by February storms

Retail sales in February were affected by three major storms that led like-for-like sales to edge down 0.4% year-on-year. According to figures from the British Retail… View Article

GENERAL MERCHANDISE

UK retail sales impacted by February storms

Retail sales in February were affected by three major storms that led like-for-like sales to edge down 0.4% year-on-year.

According to figures from the British Retail Consortium and KPMG in their monthly sales monitor, this compares to an increase of 2.6% in the corresponding period last year.

Meanwhile, total sales edged up just 0.1% compared to an uplift of 3.2% in February 2019.

The BRC said storms Ciara, Dennis and Jorge all took their toll with fashion sales taking the biggest hit.

Helen Dickinson, BRC chief executive, added: “Despite many indicators suggesting a rise in confidence among UK shoppers in recent months, this has failed to translate into higher retail sales. However, the end of the month saw a slight rise in spending on food and healthcare as a result of concerns around coronavirus.”

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