Unhappy Christmas for retailers - Business News - Business - The Independent

Unhappy Christmas for retailers - Business News - Business - The Independent: "Retailers only managed to eke out a disappointingly small rise in sales in stores over Christmas, even though they enjoyed a surge in online revenues last month.

Chains grew sales at stores open at least a year by just 0.3 per cent in December, according to the British Retail Consortium (BRC) and KPMG.

Helen Dickinson, the director general of the BRC, said: "Against the relentlessly tough economic backdrop and low expectations, these results are not a cause for celebration, but not a disaster either. Total growth for December hasn't beaten inflation and is only on a par with December 2010, when severe weather put sales volumes on ice for much of the month.""


guardian.co.uk

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