Economy

Retail Sales Stage Partial Recovery As Households Prepare For Lockdown End

Volumes rose 2.1% but only partially recovered on the 8.2% fall in January, with sales still down 3.7% on a year earlier.

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Volumes rose 2.1% but only partially recovered on the 8.2% fall in January, with sales still down 3.7% on a year earlier.

Economy

Retail Sales Stage Partial Recovery As Households Prepare For Lockdown End

Volumes rose 2.1% but only partially recovered on the 8.2% fall in January, with sales still down 3.7% on a year earlier.

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Retail sales volumes recovered slightly in February but not enough to offset heavy falls a month earlier, new data from the Office for National Statistics (ONS) has suggested.

Volumes rose 2.1% but only partially recovered on the 8.2% fall in January, with sales still down 3.7% on a year earlier and before the Covid-19 pandemic impact.

Clothing retailers reported the largest fall – down 50.4% – in sales volumes when compared with February 2020 and petrol stations (or “automotive fuel stores”, according to the ONS) fell 26.5% as the travel sector took a bad hit.

By comparison, online retailers continued to enjoy huge gains in customer spend, with 36.1% of all cash spent at retailers going to online operations in February. A year ago the proportion was just 20%.

It set a new record, beating the previous record set in January.

The amount of money spent in retail was also up in February by 2.2% compared with a month earlier, but down 4.4% on the same month a year ago.

February saw some positives in the non-food sector, with the ONS highlighting strong sales volumes in department stores and household goods stores – up 16.2% and 16.1% respectively.

The ONS said it sees budget stores, such as B&M Bargains and Wilko, as “department stores” which have remained open during the latest lockdown restrictions where bosses have claimed to be “essential” retailers.

A similar pattern emerged in the first national lockdown in 2020, the ONS said, with those stores seeing falls in sales in March only to recover strongly in April and May as customers took advantage of their continued store presence.

DIY stores also enjoyed continued growth, with some respondents to the ONS survey suggesting strong sales of outdoor furniture in preparation for lockdown restrictions easing as separate households can soon meet in private gardens.

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Retail Sales Stage Partial Recovery As Households Prepare For Lockdown End

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