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Stuttering start to 2020 for retail sales

basket of food

UK retail sales in January were flat on a like-for-like basis from January 2019, when they had increased 1.8% from the preceding year.

That’s according to the BRC–KPMG Retail Sales Monitor for January 2020.

Over the three months to January, Food sales decreased 0.1% on a like-for-like basis and increased 0.6% on a total basis. This is below the 12-month total average growth of 1.2%, the lowest since February 2017.

Over the three-months to January, Non-Food retail sales in the UK decreased by 1.5% on a like-for-like and 1.3% on a total basis. This is in line with the 12-month total average. For the month of January, Non-Food was in slight growth year-on-year.

Paul Martin, KPMG’s UK Head of Retail, commented: “January is usually a quieter month for retail, and although static sales might not appear triumphant, at least it is no further deterioration.

“Grocery sales – while still growing – were noticeably muted. This continues a trend we observed at the end of 2019, which could indicate more significant structural changes to the sector.”

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This website contains images and information relating to tobacco products. Please do not view if you are under 18 years of age.

This publication contains images and information relating to tobacco products. Please do not view if you are under the age of 18 years old.