THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Brexit uncertainty impacts February retail sales

UK retail sales edged down 0.1% on a like-for-like basis in February as uncertainty surrounding Brexit curbed people’s appetite for spending.

GENERAL MERCHANDISE

Brexit uncertainty impacts February retail sales

UK retail sales edged down 0.1% on a like-for-like basis in February as uncertainty surrounding Brexit curbed people’s appetite for spending.

On a total basis sales were up 0.5%.

The figures from the British Retail Consortium and KPMG reveal that non-food retail sales in the UK dropped by 0.6% on a like-for-like basis and by 0.4% on a total basis in the three months to February. In addition, in-store sales of non-food items declined 2.8% on a total basis and by 3.1% on a like-for-like basis in the period.

Meanwhile, like-for-like food sales increased by 1.3% in the three months while total food sales rose by 2.4%.

Helen Dickinson BRC chief executive, said: “Uncertainty surrounding the UK’s imminent exit from the European Union has hit consumer spending. While real incomes have started to rise over the past year, shoppers have been reluctant to spend this February, holding back growth. This slowdown was not limited to physical stores, with growth in online non-food sales well below the twelve month average.”

Paul Martin, UK head of retail at KPMG, added: “Across all categories there was sluggish growth, and the milder weather appears to have shifted the focus away from indoors with furniture sales declining - and not even Valentine’s Day could boost sales in the stationery category.”

Online sales of non-food items climbed by 5.4% in February, against growth of 6.4% in February 2018. The online penetration rate increased from 27.5% in February 2018 to 29.6% last month.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy