Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

London retail sales growth slows

Like-for-like retail sales in central London rose 3.7 per cent during January, well below the 6.6 per cent posted last year, according to a report by the London Retail Consortium.

Retail footfall showed a modest improvement from December, but remained lower than a year ago and weaker than the UK as a whole. Footfall slowed again after the clearance sales.

Clothing and footwear sales remained difficult for most, though fashion accessories were popular. Premium beauty held up well, but homewares, especially larger purchases, continued to be hit by weak consumer confidence.

BRC director general Stephen Robertson said: “London’s January sales growth was the second weakest annual growth since November 2005. Widespread price cuts gave a boost to clothing, footwear and small homeware items, although usually at the expense of margins. Last week’s rate cut has come at the right time but, given these figures, more cuts will be needed to encourage London’s shoppers to spend and ensure the slowing economy lands softly.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.