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News - 17 February 2007
Retail slumped in January
Despite continued heavy discounting on the high street, retail sales dropped at their sharpest rate in four years in January.
The Office for National Statistics (ONS) has reported that sales fell 1.8% during the month, although they were up 3.3% on the year.
Among the worst-hit areas on the High Street were household goods and clothing. The weaker January sales came despite prices in stores being on average 0.4% lower than a year ago, the ONS said.
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Retail, pubs, clubs and restaurants
Office of National Statisitics