Friday, February 18, 2011
Bouncing sales
Posted by David Smith at 11:00 AM
Category: Thoughts and responses

Most retailers would rather have a good December than a bumper January. Even so, January's 1.9% bounce in retail sales, following a downward-revised 1.4% fall in December, was better-than-expected news. Retail sales volume in January was 5.3% up on a year earlier, while sales value increased by 8.2%.

Clearly these figures aren't sustainable, representing both the weather effect - December down, January up - and pre-VAT buying. But the consumer is not dead yet. More details here.