"Retail sales volumes were up 0.4% in December month-on-month, following a 0.1% fall in November. The month saw particular growth in online sales, including online jewellers where demand for precious metals rose after a lull in November. There was also modest growth in supermarket sales while non-food stores saw sales fall 0.9%. Retail sales had been expected to fall 0.1% (Trading Economics)."
"Non-food stores saw sales fall 0.9% in December as shoppers increasingly look online to do their Christmas shopping. That is a depressingly predictable headline, and the result is companies like Claire's, the Original Factory Shop and Russell & Bromley going into administration. Among online retailers, jewellers enjoyed a particularly golden Christmas. In uncertain times shoppers seem to be being drawn to dual purpose jewels that not only tick the Christmas present box, but provide a convenient long-term store of value as well."
Retail sales volumes increased by 0.4% in December following a 0.1% decline in November. Online sales grew, with online jewellers seeing higher demand for precious metals after a November lull. Supermarket sales experienced modest growth while non-food stores declined by 0.9%. Expectations had been for a 0.1% fall, according to Trading Economics. Analysts noted continued decline on the high street as shoppers shift online, contributing to administrations at firms such as Claire's, the Original Factory Shop and Russell & Bromley. Jewellery retailers benefited as shoppers sought items that serve as gifts and stores of value.
Read at London Business News | Londonlovesbusiness.com
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