February sees healthy retail sales
(Editor: Leona)
UK retail sales increased by 0.2% on a like-for-like basis from February 2014, when they had decreased 1.0% on the preceding year. On a total basis, sales were up 1.7%, against a 0.7% rise in February 2014. Adjusted for the BRC-Nielsen Shop Price Index deflation, total growth was 3.4%, above the 12-month average of 3.2%.
Online sales of non-food products in the UK grew 8.3% in February versus a year earlier, when it had grown 14.3%. The Non-Food online penetration rate was 17.5%, up from 16.6% in February 2014.
Helen Dickinson, director general of the British Retail Consortium, says: “After the bustle of Christmas and the excitement of the January sales, February is usually a quiet month for retailers. So it’s heartening to see that retail sales continued to rise this month by close to 2 per cent.
“What’s interesting is that almost all categories of product saw increased sales – so the good news is shared out pretty evenly across the industry as a whole.
“Sales are up while prices fall which means that retailers are continuing to work hard to provide original products that excite customers at the right price. So far, 2015 has been positive for both retailers and consumers and it shows no signs yet of changing course.”Furniture was the second largest contributor to growth in February and remained the fastest growing category on a 12-month basis. The GfK’s Climate for Major Purchase Index edged down to 4 in February from its January record high of 5.
Furniture was the second largest contributor to growth in February and remained the fastest growing category on a 12-month basis. The GfK’s Climate for Major Purchase Index edged down to 4 in February from its January record high of 5.
Home Accessories had another strong month – ranking fourth in growth, stimulated by gift items.
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