• UK retailers report worst year on record - BRC

Market news

12 January 2021

UK retailers report worst year on record - BRC

RTTNews reports that data released by the British Retail Consortium (BRC) showed that UK retailers logged the worst year on record for sales growth due to the Covid-19 pandemic.

In 2020, total retail sales decreased 0.3 percent, the worst annual change since records began in 1995, the BRC said.

Food sales grew 5.4 percent and non-food product sales were down 5 percent from the last year.

In December, total sales advanced 1.8 percent and like-for-like sales grew 4.8 percent on a yearly basis.

Household related and food item purchases were top of Christmas shopping lists with historic growth rates in contrast to fashion, accessories and beauty products which experienced double-digit declines, Paul Martin, UK head of retail, KPMG said.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.