Retail Sales: December 2011

BRC-KPMG Retail Sales Monitor December 2011

  • UK retail sales values were 2.2% higher on a like-for-like basis from December 2010, when sales had fallen 0.3%, hit by snow.
  • On a total basis, sales were up 4.1%, against a 1.5% increase in December 2010.

Stephen Robertson, Director General, British Retail Consortium, said:

“A solid December result hasn’t rescued a pretty miserable year. Whole-year figures show minimal growth in 2011. For many customers, economic reality has bitten again since the New Year and, with consumer confidence returning to levels last seen during the recession, 2012 is expected to be an equally challenging year.”

Helen Dickinson, Head of Retail, KPMG said “Sadly no-one expects this level of demand to be indicative of the year ahead.”

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s