31 March 2023
BRC releases Retail Sales and Footfall Insight Briefing
The latest Retail Sales and Footfall insight report from the BRC contains interesting data on trends in the retail sector up to February.
The key points are:
- Footfall had been showing signs of recovery, but poor weather had a negative impact. Interestingly, high street locations have been performing best
- Sales growth increased in value terms due to the effect of inflation. With inflation at 10%, in real terms the sales value declined by 5%, indicating a drop in volumes in retail. In reality, people spent more in February but bought fewer items compared to last year
- Computing, clothing and home accessory categories are struggling the most
- Online sales show a decline in real terms and as a % of total non-food sales
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