Colder Weather Boosts Retail Sales

As the Office of National Statistics reveals cold weather in October boosted shopping figures, we examine the retails stocks hoping for an uplift from a white Christmas

Karen Kwok 17 November, 2016 | 4:14PM
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UK retail sales recorded their fastest annual rate growth in 14 years in October, according to the Office for National Statistics. Clothing sales were boosted by the cold weather, while supermarkets benefited from Halloween sales demands.

Retail sales grew by 7.4% last month compared with October 2015. The October figure also showed an increase of 1.9% from the previous month. Food store sales rose 0.8% and non-food store sales increased 2.7% from September.

Internet sales surged 26.8% year-on-year, the biggest growth seen in five years.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Marks & Spencer Group PLC184.20 GBX0.46Rating
Morrison (Wm) Supermarkets PLC285.40 GBX0.11Rating
Next PLC7,868.00 GBX0.77
Sainsbury (J) PLC296.60 GBX0.30Rating
Tesco PLC267.90 GBX0.71Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk