Popular now
Debenhams sublets US warehouse to cut costs

Debenhams sublets US warehouse to cut costs

Virgin Wines downgrades profit forecast as inflation hits margins

Virgin Wines downgrades profit forecast as inflation hits margins

Whole Foods Market opens new grocery store in St James

Whole Foods Market opens new grocery store in St James

January retail sales slump to lowest level since May 2020

January retail sales slump to lowest level since May 2020

On this episode of Talking Shop we are joined by Phil James, founder and Creative Director of the contemporary heritage clothing brand &SONS. Phil began his career behind the lens as a commercial advertising photographer, working with global brands to hone a distinct visual language. But in 2016, he decided to step out from behind the camera to build a brand of his own.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

January saw retail sales growth decline to its lowest level since May of last year, figures by the BRC and KPMG show. 

According to the pair’s sales monitor, total retail sales dropped by 1.3% in January compared to 0.4% in January 2020 as national lockdown measures continue to disrupt trading. 

It was also found over the three months to January, in-store sales of non-food items declined 36.5% on a total and 19.8% on a like-for-like basis. This is worse than the 12-month total average decline of 28.3%. 

With supermarkets allowed to operate normally due to its essentials status; food sales increased 7.5% on a like-for-like basis. This is higher than the 12-month total average growth of 6.1%. 

Helen Dickinson OBE, chief executive, BRC said: “The current lockdown has hit non-essential retailers harder than in November, with the new variant hampering consumer confidence and leading customers to hold back on spending – especially on clothing and footwear.

“Meanwhile, retailers have worked incredibly hard to expand their online delivery and click and collect offerings to ensure everyone can get the products they need during lockdown.” 

She added: “This has led to record growth for online non-food sales and is a testament to the resilience and innovation of retail, which in the face of the pandemic, has rapidly adapted and invested in online platforms and delivery logistics.”

Previous Post
Three in 10 SMEs could be forced to shut if lockdown is extended

Three in 10 SMEs could be forced to shut if lockdown is extended

Next Post
Notonthehighstreet acquired by US investment firm

Notonthehighstreet acquired by US investment firm