UK retail sales boosted by second-hand and discount stores

United Kingdom News News

UK retail sales boosted by second-hand and discount stores
United Kingdom Latest News,United Kingdom Headlines
  • 📰 BBCNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Retail sales rose strongly last month as cash-strapped shoppers looked for cheaper options.

Shoppers facing cost-of-living pressures turned to discount and second-hand stores last month, giving retail sales a surprise boost.

Food sales also rose, but the Office for National Statistics said there were signs price pressures had cut spending in restaurants and on takeaway meals.February's rise in sales was stronger than forecast, and followed an upwardly revised 0.9% increase in January.

"Looking at the latest retail sales figures you might be forgiven for wondering if Britain really is in the middle of a cost-of-living crisis," said Danni Hewson, head of financial analysis at AJ Bell.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCNews /  🏆 3. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail sales pick up as consumer confidence rises to 'highest level in a year'Retail sales pick up as consumer confidence rises to 'highest level in a year'Official figures have shown a much larger than expected pick up in retail sales last month as a closely-watched measure of consumer confidence reaches its highest level in a year.
Read more »

Company sells Deepdale Retail Park - then buys the Capitol Centre for £51mCompany sells Deepdale Retail Park - then buys the Capitol Centre for £51mThe two Preston retail parks will have new owners after the multi-million pound deals
Read more »

Driver dies after car crashes into shop at Derby retail parkDriver dies after car crashes into shop at Derby retail parkThe 72-year-old man died a short time after his car crashed into a fire door at Carpetright, police say.
Read more »

New tenant confirmed for former Mothercare store in Belfast city centreNew tenant confirmed for former Mothercare store in Belfast city centreThe historic site has been transformed into a retail space with nine luxury apartments above
Read more »

Full list of retailers giving pay rises as Amazon increases minimum wageFull list of retailers giving pay rises as Amazon increases minimum wageThe online retail giant is increasing pay by 50p per hour for workers across the country, with a number of big companies already confirmed to have increased wages.
Read more »

ESG ETF Sees Massive Outflows As Investors Prioritize Liquidity | OilPrice.comESG ETF Sees Massive Outflows As Investors Prioritize Liquidity | OilPrice.comAmidst problems in the banking sector, ESG investing is taking a backseat as asset managers prioritize liquidity. The iShares ESG Aware MSCI USA ETF has seen significant outflows, with $4 billion on Friday and another $1 billion on Monday.
Read more »



Render Time: 2025-02-15 07:46:48