Popup Banner David Laws

Join Our Exclusive Webinar

Improving the Quality of Your ACCA Answer

🗓️ Date: 30th July

🕐 Time: 1 PM (UK Time)

 

 

BRC-KPMG monitor data reveals flat December retail figures

BRC-KPMG monitor data reveals flat December retail figures

Recent figures have shown that UK retail sales remained flat in December, with total sales up by only 1.0%.

The latest monthly BRC-KPMG retail sales monitor data revealed that non-food sales had their weakest month of growth since January 2013, increasing by just 1.5% on a three-months basis, and total food sales grew only 0.2%.

Black Friday impact

KPMG's head of retail David McCorquodale said that Black Friday 2015 had a big impact on consumer spending over the festive season, as it essentially stretched the traditional spending spread over a period of six weeks as opposed to two.

The weather also had a part to play, according to McCorquodale. "Fashion sales were the losers in December as mild weather deferred the need and wet weather deferred the inclination to try and buy a new winter outfit," he explained.

Online boost

However, online sales once again saved the day for retailers, as non-food sales grew 15.1% in December year on year, well ahead of both 3-month and 12-month averages.

Helen Dickinson, chief executive of the British Retail Consortium, said: "The boost from online was not enough to make this a Christmas to remember for most retailers," adding: "This is in part due to changing consumer shopping habits and the rising cost of doing business for retailers such as business rates and the national living wage due to be introduced in April."


Other News

What Role Does Motivation Play in Managing an Organisation?

What role does motivation play in managing an organisation? Motivation is one of the major factors for driving success. If…

The impact of the Brexit deal on the accountancy sector

After months of uncertainty and political wrangling, a Brexit deal was finally announced on Christmas Eve 2020. The deal includes…

5 Essential elements of a winning business development plan

The first step to building or expanding a business is creating a concrete business development plan. Entrepreneurs will find plenty…

Back to top