February retail sales volumes grew by nearly 6% following a short-lived slowdown in January, showing...
February retail sales volumes grew by nearly 6% following a short-lived slowdown in January, showing the continued strength of the European consumer. Deflation, however, is also a central characteristic of the retail sales sector with clothing and mail order retailers seeing little in the way of pricing power. Bruce Hubbard, director at SchroderSalomonSmithBarney (SSSB), says: 'Retail inflation has subsided once again to 0.2% on the back of near 5% deflation in clothing and 2.3% deflation in mail order. 'Intuitively these figures appear quite high relative to anecdotal company c...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes