UK retail sales jump in January as shoppers return to stores following 'drab December'
British retailers recorded stronger than expected sales growth in January, with total sales increasing 2. 7 per cent year on year, providing a notable rebound after weaker trading during the Christmas period. The figure exceeded the 12 month average growth rate of 2. 3 per cent, offering a positive signal for the sector following subdued festive performance across many retail categories. Industry data suggests many consumers delayed discretionary spending during December before making purchases
British retailers recorded stronger than expected sales growth in January, with total sales increasing 2. 7 per cent year on year, providing a notable rebound after weaker trading during the Christmas period. The figure exceeded the 12 month average growth rate of 2. 3 per cent, offering a positive signal for the sector following subdued festive performance across many retail categories. Industry data suggests many consumers delayed discretionary spending during December before making purchases
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