U.K. mid-sized retailers saw their sales rise 0.2 percent year-on-year in January, according to BDO LLP’s High Street Sales Tracker.
The index, which covers retailers with sales between 5 million pounds ($7.9 million) and 500 million pounds, saw non- fashion sales increase 2.4 percent, while fashion sales fell 0.8 percent.
“Overall, these figures are better than expected,” BDO’s head of retail and wholesale, Don Williams, said in an e-mailed statement. “Behind the numbers we are seeing an increasing polarization in the performance of high street retailers. The chasm between the high performers and the strugglers is widening every month.”
A separate survey by PriceWaterHouseCoopers found U.K. households reduced their unsecured borrowing by an average 355 pounds during 2011. It now stands at 8,000 pounds per household.
To contact the editor responsible for this story: James Hertling at email@example.com