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Furniture retail sales climbed last month as shoppers took advantage of instore credit offers according to the British Retail Consortium.

 

Big-ticket home goods helped total retail sales advance 1.6 percent in February with like-for-like sales rising 0.6 percent, the lobby group's BRC-KPMG Retail Sales Monitor found.


"The fact is that consumers want to spend, they just don’t have the resources to do so," said BRC chief executive Helen Dickinson.


"Furniture, often considered the bellwether of consumer confidence, actually saw sales improve in February as shoppers took advantage of credit facilities offered by retailers."


Paul Martin, head of retail at survey sponsor KPMG, said: "Retailers experiencing any growth in this environment will be counting themselves lucky.


"The retail shakeout will gather further momentum in the coming months, and retailers with large physical store estates are particularly under pressure. It’s not all doom and gloom though, a number of retailers are bucking the overall trend by focussing on a differentiated proposition whilst remaining relevant to the customer."



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