British Retail Consortium (BRC) released the Retail Sales Monitor (RSM) for the month of February 2006. It stated that the retail sales in UK during February 2006 rose 0.6 percent on a like-for-like basis against a weak comparative in February 2005, when sales had fallen.
The three-month trend rate of growth weakened in February to 0.9 percent from 1.1 percent in January for like-for-like sales, but rose to 4.2 percent from 3.6 percent for total sales, reflecting the continued growth of retail space.
Spring/summer ranges had a slow start, with footfall down and consumers often still in a winter mindset. Clothing and footwear showed some boost in the final week, but was still difficult overall.
With consumer confidence still weak amid concerns about personal finances, shoppers remain wary of committing to larger housing-related purchases.
BRC works closely with government on all campaigning and policy issues on behalf of our members, and have built a firm and constructive relationship with all the governmental departments detailed below.