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Trade News Archive 2009 January February March April May June July August September October November December
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20th January 2010
London retailers enjoy best December for 7 years
London-based retailers experienced their best December sales for nearly a decade, it has been revealed.
According to figures from the British Retail Consortium and KPMG, retailers based in London saw sales rise to a seven-year high.
Monthly sales were 12 per cent higher than the previous year on a like-for-like basis, when sales reduced by 0.7 per cent as a result of a recession-induced fall in consumer confidence.
While these are the best sales results experienced since the survey began in 2002, it may well be the case that sales have also out-done previous years' figures.
Surprisingly, retail footfall fell to its lowest level since September. This has been blamed on the cold weather as well as a reduction in the number of discounts on offer.
However, the wintry weather did have a positive impact on clothing and footwear sales. This success was further buoyed by gift-buying during the Christmas period.
Many retailers might expect for sales success to continue throughout January as shoppers look to make the most of post-Christmas offers.
© 2010
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