0 Retail slumped in January

Author: Andy Walker
19th February, 2007

Despite continued heavy discounting on the high street, retail sales dropped at their sharpest rate in four years in January.

The Office for National Statistics (ONS) has reported that sales fell 1.8% during the month, although they were up 3.3% on the year.

Among the worst-hit areas on the High Street were household goods and clothing. The weaker January sales came despite prices in stores being on average 0.4% lower than a year ago, the ONS said.

from: BrightonBusiness.co.uk and The Office for National Statistics
February 19th 2007

Entry Filed under: E-commerce News