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Retail sales show strong start to 2013
UK retail sales grew by 4.4 per cent in February, a 2.7 per cent increase on the 2.3 per cent rise recorded in February 2012, according to figures from the British Retail Consortium (BRC).
The monthly BRC Retail Sales Monitor found that total sales grew at the fastest rate since February 2010, and that the year-on-year growth was the fastest since December 2009.
The BRC's director general, Helen Dickinson, said: "There are certainly highly-welcome signs here of gradual improvement and customers feeling a bit more positive. February saw growth across all parts of retailing, with big-ticket goods and items for the home recovering particularly well, possibly reflecting better conditions in the housing market."
Online retail growth
The news comes after the IMRG Capgemini Index, which tracks online sales, also recorded a year-on-year growth of 16 per cent in January.
The IMRG Capgemini Index found that, compared with January 2012:
- the clothing sector was up 23 per cent
- the travel sector was up 7 per cent, with an average spend of £1,085
- sales through mobile devices were up 193 per cent, with conversion rates reaching 2.6 per cent.
For February, the BRC found that year-on-year online sales were up 10.9 per cent over February 2012.
IMRG's chief information officer, Tina Spooner, said: "The strong finish to the year we saw in 2012 has continued into the new year it seems, with the Index up 16 per cent on January 2012."
"What is apparent is that consumers are becoming more confident in purchasing through mobile devices, as the experience on mobile sites improves. The conversion rate has doubled in the space of a year, rising from 1.3 per cent in January 2012 to 2.6 per cent in January 2013."