play_arrow

keyboard_arrow_right

skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
chevron_left
  • cover play_arrow

    Rother Radio (128k) Love Local, Love Music!

  • cover play_arrow

    Rother Radio (64K) Love Local, Love Music!

  • cover play_arrow

    Hit Music Radio (128K) More Music Variety!

  • cover play_arrow

    Hit Music Radio (64K) The Best Variety of Hits!

Business News

Prospect of lockdown easing drives rush for retail as sales surge in March

today23/04/2021

Background
share close

Retail sales rebounded strongly in March as the prospect of an easing in coronavirus lockdowns unleashed pent-up demand, according to official figures.

Data from the Office for National Statistics (ONS) showed sales volumes leapt by 5.4% in March from February – beating the expectations of analysts who had expected a figure closer to 1.5%.

It said fashion sales were particularly bullish with a rise of 17.5% over the period, despite most stores remaining closed under COVID-19 rules.

But an easing of travel restrictions in March saw petrol sales rise 11.1%, and with the vaccine rollout continuing at pace, shoppers headed out to stores that remained open in greater numbers as temperatures warmed following a cold winter for the economy.

The ONS added that the share of shopping done online slipped from a record high in February to 34.7% in March as more people ventured out.

It left retail sales up 7.2% compared with March 2020 when the pandemic first started to bare its teeth on the sector.

A jobs tracker produced by Sky News shows it has been among the worst hit through the enforced closure of so-called non-essential retail, with the crisis accounting for some of the biggest names in the business.

More from Business

A woman stops to window shop at a Topshop store on Oxford Street, London, part of the Arcadia Group. Sir Philip Green's Arcadia retail empire has said it is working on "contingency options to secure the future of the group's brands" after reports it will collapse into administration within days, with 15,000 jobs at risk.
Read less
Image: Sir Philip Green’s Arcadia empire, including Topshop, was the biggest name to collapse during the crisis to date

Those to collapse included Sir Philip Green’s Topshop empire and Debenhams.

The remnants are now in the hands of online specialists Boohoo and ASOS – with their store networks, and thousands of jobs, consigned to the scrap heap.

The ONS said the latest data reflected “the effect of the easing of coronavirus restrictions on consumer spending”.

It backs up the latest evidence of high demand now restrictions have eased further.

Shoppers queue outside Primark in Norwich as England takes another step back towards normality with the further easing of lockdown restrictions. Picture date: Monday April 12, 2021.
Image: Shoppers queue outside Primark in Norwich last week

Primark‘s owner reported earlier this week that it saw record sales when it reopened its doors on 12 April across England.

Many of its sites witnessed long queues while a separate reading of consumer confidence, released earlier on Friday, showed its highest level since before the pandemic began.

 Sky News

© Sky News 2021

Written by: Rother Radio News


Previous post

UK News

World’s most effective malaria vaccine developed in UK

The world's most effective malaria vaccine has been developed by scientists in the UK.Researchers from the University of Oxford and their partners reported their Phase IIb trial of a candidate malaria vaccine, R21/Matrix-M, showed 77% efficacy over 12 months. That makes it the first ever to achieve the World Health Organisation-specified 75% efficacy goal.The team behind the new jab hope it can be approved for use within the next two […]

today23/04/2021


Search Rother Radio

About Us

Rother Radio – Love Local, Love Music! → Discover more