There are 113 results for "'retail sales figures'"
KPMG head of retail David McCorquodale says aside from grocers, retailers will feel "heartened" by post Christmas sales figures.
– KPMG head of retail David McCorquodale
Other than the grocers, retailers will feel heartened by these post-Christmas figures.
The divide between food and non-food is stark, with the battle for market share in food remaining ferocious, customer loyalty fickle and cost deflation being passed through to the consumer.
Constant downpours failed to put off shoppers last month as retail industry figures published today pointed to the strongest sales growth since March 2010.
The British Retail Consortium (BRC) and KPMG said total sales in January rose 5.4% on a year ago as improved job prospects and the recovery in the housing market led to a strong month for homewares and furniture businesses.
However it was not all good news across the sector, with grocers again squeezed by very low levels of sales growth.
Justin King is one of the most respected retail figures in the UK, yet I suspect that many of the 18.5 million shoppers that use the stores have no idea who he is.
Unlike brands such as Virgin and Ryanair, the boss has not been used in television advertising. Yet the ultimate manager is vital - Sainsbury's says it's aim is to be the most trusted supermarket.
Trust takes constancy of leadership and direction - chopping and changing is soon seen in the sales isles. Mr King's last job at Sainsbury's will be one of his most important - creating a smooth handover.
The Bank of England has forecast 0.9% growth for the fourth quarter but economic data published since then have prompted some experts to expect a slightly lower rate.
A bumper Christmas that saw retail sales shatter expectations by climbing 2.6% in December will not have helped boost overall figures too much after a slow performance from the sector in October and November.
Meanwhile latest official figures from the construction industry showed it was likely to drag on GDP, after succumbing to a 4% slump in November, despite being buoyed by Government policies such as Help to Buy.
The thinning out of the Christmas high street rush has been blamed on the rise in online sales, with footfall - the number of people who walk into a shop - down by 3.7% compared to the same time in 2012.
According to figures from the British Retail Consortium (BRC), the drop in footfall in the last quarter of last year was the worst drop since August 2012.
Overall footfall recorded by the BRC/Springboard monitor was down 2.4% in December compared with the previous year.
High streets suffered more than out-of-town locations, which lost 0.6% of their walk-in business.
Figures from the British Retail Consortium show how online sales in different types of goods fared:
- Online clothing sales accounted for 21.2% of sales in December - an increase of 3% from last year.
- Furniture and flooring products bought online represented nearly a third of all sales.
- Electrical goods and toys came in at 14.4%, a fall from November's 15.5%.
The drop in electrical goods sales was attributed to consumers searching early on the web for in-demand Christmas products to get hold of them before they went out of stock.
Online sales have become the "main driver for growth" in British retail, after Christmas sales figures showed how popular an option shopping on the internet has become.
David McCorquodale, head of retail at KMPG which is behind the figures, explained:
– David McCorquodale, KPMG
Whilst store sales continue to flatline, online sales remain the main driver of growth for the sector, contributing nearly three quarters of the uptick in non-food sales in the last quarter of 2013.
The winners this Christmas were those retailers with slick multichannel operations, who could offer consumers the flexibility to shop how, and when, they wanted to.
"One in five" non-food items bought this Christmas were purchased online, in what turned out to be a bumper year for festive internet sales, new figures have revealed.
Data from the British Retail Consortium (BRC) showed online trade represented 18.6% of total non-food sales in December, up from 16.5% the year before.
BRC director general Helen Dickinson said: "More of us clicked into Christmas than ever before, with online non-food sales growth putting in its best performance since March 2010 and accounting for nearly 20% of spending.
"The surge in the use of tablets and smartphones last year, together with the ever-faster delivery times achieved by an increasing number of retailers, has provided a new spur of growth to online shopping."
Shoppers benefitted from the fastest drop in prices for seven years during December as high street retailers pushed them down by 0.8%, according to the latest figures.
The British Retail Consortium (BRC) hailed a "double whammy of good news for cash-conscious customers" thanks to a combination of aggressive discounting and a quick slide in prices.
Inflation fell to 1.7% - its lowest for three years - while widespread discounting saw non-food prices fall by 2.3%, according to the BRC and Nielson.
Mike Watkins, head of retail and business insight at Nielsen, said: "This will have brought a festive cheer to shoppers filling their trolleys with food and drink at supermarkets, especially as Christmas fell later this year.
"With the continuation of price cuts and promotions across all of retailing, and with many shoppers holding back on shopping to the last week, there will have been bargains and some great savings for the savvy Christmas shopper."