U.K. Retailers Saw January Sales Rise 0.2%, BDO Survey Shows

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 reporters on this story: Robert Hutton in London at rhutton1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.