Despite predictions of declining sales volumes due to low consumer confidence, retail sales saw a surprising increase of 1% in February. This was highlighted by a report from the ONS and supported by Parcelhero's research. Positive trends were noted particularly in household goods, with a significant 6.8% increase in sales attributed to spring cleaning. Additionally, both online retail and overall spending also slightly rose, showcasing a potential shift in consumer spending behaviors amidst economic concerns.
'Brits kept calm and carried on shopping in February, despite the economic gloom. A recent quarterly survey by KPMG revealed consumer confidence to be low, with 3 in 5 shoppers saying they were planning to cut spending.'
'On the High Street, household goods stores benefitted most, particularly hardware stores, with the amount of goods bought up 6.8% against January as Brits launched into some early spring cleaning and DIY.'
Collection
[
|
...
]