Retail sales warm up in February

R.G. | ShareCast | 09 Mar, 2010 08:18 - Updated: 13:28 | | |

Big Sale

Retail sales recovered in February as the freeze that affected January eased, but the British Retail Consortium still said the figures were 'not strong'.

Like-for-like sales were up 2.2%, the BRC said, compared with the 0.7% fall seen in January, when the snow hampered people's ability to get to the shops, but the BRC added that the comparison in 2009 was very weak and the underlying trends give grounds for caution.

"Despite appearances, these results are not that strong," director general Stephen Robertson said.

"The growth is compared with very weak figures a year ago when February saw the worst of last winter's weather and this February's performance was helped by sales postponed from January - particularly sales of non-food items such as homewares and fashion."

Food sales for instance grew at their slowest rate since 2007, the BRC said.

One beneficiary of the cold weather was online and telephone sales, which rose by 15.5% compared over last year as online retailers caught up with the backlog of orders caused by the cold snap.

More news

19 Dec US close: Markets ascend as post-Fed boom continues and crude futures rise

US stocks advanced on Friday in a continuation of the week’s post-Fed boost after a day of little economic data.

19 Dec Obama slams North Korea cyber-attack, claims the US will respond

US President Barack Obama has promised there will be a formal response from North America following North Korea’s apparent cyber-offensive targeting Sony Pictures.

19 Dec Friday tips round-up: Diageo, Catlin Group

Consumer goods giant Diageo is seeing a slowdown in growth in one of its main markets, the United States. One would have thought the economic recovery and drop in the oil price would have translated into greater discretionary spending on the liquors and spirits which it purveys. Yet that has not been the case, the company´s boss, Larry Scwhartz, admitted. That is much the same as recent comments out from several of its peers. Increased discounting among top brands, in response to more price-conscious consumers, has been one factor

19 Dec Apple hits back at reports that it endorses child workers and unfair hours

Technology juggernaut Apple is “deeply offended” by new reports claiming workers in its supply chain are treated unfairly.

19 Dec Sir Ian Wood responds to North Sea oil slump with optimism

Despite reports that the North Sea oil industry in Scotland is about to lose 15,000 jobs and production could plummet 10% while the oil price drop culls drilling, the region is not “close to collapse” according to Sir Ian Wood.

19 Dec British women should be allowed to take on close-combat roles, says defence secretary

By 2016 women may hold front line combat roles if the motion gets passed by the Ministry of Defence, according to reports.

19 Dec Results Round-up

People have been buying more carpets as the British housing market recovered, helping floor covering retailer United Carpets to roll out higher profits.

19 Dec London close: Stable oil prices and upbeat retail news buoys Santa rally

The Santa rally continued on its merry way on Friday as oil prices rose and upbeat retail data boosted supermarkets.

19 Dec Europe close: Stocks little changed after mixed data, oil price rebound

European stocks were little changed after mixed reports on German and UK consumer confidence and a rebound in oil prices.

19 Dec US open: Markets trading up as crude futures soar

US stocks were trading in the green Friday, still boosted by the post-Fed rally after a quiet day for economic data.