This ad will be closed automatically in X seconds.

BIRA says January sales results are ‘better than expected’

The recent BRC-KPMG Retail Sales Monitor for January 2023, revealed that total retail sales increased by 4.2% in January. This is below the three-month average growth of 5.2%, but above the 12-month average of 2.5%.

Like-for-like sales increased 3.9% YOY. Non-food sales increased 2.9% on a total basis and 2.5% on a like-for-like basis over the three months to January, which is above the 12-month average growth of 1.6%.

Andrew-Goodacre
BIRA ceo, Andrew Goodacre.

BIRA ceo, Andrew Goodacre, commented: “At first sight it looks as if January has been better than expected. Comparisons with last year are difficult due to the impact of Covid last year.

“However, sales growth is below inflation, and retailers margins are being squeezed as they strive to offer even better value to entice customers. We have a Spring Budget in March and that must be the platform for improving confidence and economic growth.”

MORE NEWS
Progressive Preschool featured image (1)
 
The latest issues of Progressive Housewares and Progressive Electrical are now available to read online, packed with all of the latest news and views ahead of the Exclusively Housewares show....
Peugeot IndyBest (2)
 
The Peugeot Saveurs Paris u select salt and pepper mill set was awarded 4.5 out of a possible five stars. ...
HORL (2)
 
HORL 1993 has announced the launch of its collection of sharpeners and accessories to the UK market....
GreenPan Burton McCall (1)
 
GreenPan has joined forces with Burton McCall to reach the independent trade channel in the UK....
Dexam Walk the Wight (1)
 
Product manager, Helen Boardman, completed the Walk the Wight challenge in support of Ronald McDonald House Charities....
Smeg Three Peaks (1)
 
On Friday 16 June, a team from SmegUK will be taking on the Three Peaks Challenge within 24 hours....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.