14 Feb January Sales Worst for 4 Years
January retail sales saw the worst performance since 2013 as like-for-like sales fell into negative growth. The BDO High Street Sales Tracker (HSST) revealed that UK high streets couldn’t recover from the 0.1 per cent drop in sales in December, with another 0.1 per cent decline in January.
Historically these two months are key trading periods for retailer, and these results are said to have made retailers “nervous” about the coming months. Fashion performed worst, as the struggling industry posted three consecutive weeks of negative growth and a one per cent year-on-year decline. Meanwhile, lifestyle goods performed well with a 1.2 per cent rise in January, attributed to overseas spend and the ailing pound.