Published on February 9th, 2016 | by The GC Team0
Big-ticket items drive January retail sales
2016 retail sales got off to a promising start in January as like-for-likes rose 2.6% following what has been recorded as a disappointing December for the industry.
Total sales rose 3.3% on the back of growth in big-ticket purchases.
According to the BRC-KPMG retail sales monitor, this is the best growth since September last year, and the result is firmly ahead of the 3-month average of 1.6% and the 12-month average of 1.9%.
All product categories contributed to the growth, apart from food.
Online sales of Non-Food products rose 14.9% in January, against an 11.7% in the same month last year. The online penetration rate increased 1.4% to 21.5%.
“Retailers will welcome the positive start to what will be a momentous year for the industry,” commented Helen Dickinson OBE, Chief Executive of the British Retail Consortium (pictured).
“Next month the Treasury will report back on its long-awaited review of the business rates system. This is the moment for the government to rebalance this tax away from property intensive industries in order to ensure that the introduction of the living wage does not have unintended consequences on our local communities and jobs .”