12/02/2002

High Street shopping spree continues

A report by the British Retail Consortium (BRC) has revealed that UK shoppers showed no sign of slowing down as High Street spending continued to boom in January.

The industry figures showed sales grew by 8.3 per cent in the first month of 2002, this followed an 8.1 per cent rise in December, which represented the best Christmas sales for at least six years.

January sales helped increase demand for large household goods, with carpets, furniture and electrical items selling well, while food and drink sales were also up, as were sales of clothing.

The High Street boom is in stark contract to the fortunes of the UK's manufacturing sector, which recorded its largest annual fall for more than ten years earlier this month.

(MB)

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