Credit, Collections & Insolvency News
Retail sales rose by 2.7% in January, according to the British Retail Consortium and KPMG, as consumers responded to heavy post-Christmas discounting. Personal electronics and children’s items led the recovery after a weak December. Despite the uplift, the Office for National Statistics reports sales remain 1.5% below pre-pandemic levels, highlighting an uneven recovery. Food sales increased…
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Latest analysis by BDO of retail sales showed that December marked the worst set of total monthly sales figures since November 2024, with total like-for-like retail sales dropping by -1.4% in December. In-store sales fell by -0.5% and online sales by -0.6%, compared to December 2024, as sales volumes declined across channels. This follows disappointing…
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Latest data from the British Retail Consortium has found that total retail sales increased by 7% year on year in April, against a decline of 4% in April 2024. This was above the 3-month average growth of 2.9% and above the 12-month average growth of 1.4%. For March and April together, compared with the same…
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Latest British Retail Consortium (BRC) data has shown that sales were up by 1.2% year-on-year in January, marking a slowdown on the 1.7% rise recorded in December. The Retail Sales Monitor also shows that January’s sales were down on the 4.2% growth seen in the same month in 2023. Food sales increased 6.3% year on year…
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Retailers saw sluggish sales growth as 2023 came to an end, with a retail monitor from the British Retail Consortium showing that total UK retail sales were up by just 1.7% in December against growth of 6.9% a year earlier. December’s figures also marked a slowdown from November’s sales growth of 2.7%. Retail sales over…
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