ONS reports encouraging retail sales figures but it isn’t a time to feel confident
Following the year on year 4% rise in retail sales reported by the Office of National Statistics today, Andrew Goodacre, CEO of the British Independent Retailers Association (Bira), says:
“The positive results for retail sales growth in February are encouraging and will certainly be a help to many struggling retailers. The surprising warmer weather will have got people in the buying mood.
“However, it is still an incredibly difficult market and margins continue to be under pressure. Retailers still need help and these results shouldn’t be a distraction from the issues they face on a daily basis, in particular the ever increasing costs and paperwork. Local authorities can support their local independent retail businesses by automatically implementing the forthcoming reduction in rates for those with a rateable value of £51,000 or below for example.”