Pearl & Coutts: UK Rise For January Retail Sales Figures
British shoppers boosted sales in January 2013 by 1.9% compared to the previous year. The news from the British Retail Consortium confirmed that consumers defied the wintry weather conditions to produce the fastest sales growth rate since December 2011.
January is traditionally a challenging trading month for high street retailers. A post-Christmas ‘slump’ in spending can be coupled with the extremes of the British winter. Yet this year, like-for-like sales actually grew. The news came despite many areas of the country having been blanketed in snow. Many UK local councils had spent much of the mon..
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