Post-Christmas sales provide cheer for the high-street in January

Post-Christmas sales provide cheer for the high-street

David McCorquodale, KPMG Head of Retail, comments on the latest ONS retail statistics

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Commenting on the latest ONS retail statistics, David McCorquodale, KPMG Head of Retail, said:

“New year in-store and online promotions have given retailers the boost they needed after a sluggish Autumn/Winter season, with overall sales volumes up 5.2% year on year per the ONS Statistics.  In fact, both value and volume of sales were up across the board which, considering store prices were shown to have fallen for the 19th consecutive month, shows consumers felt the bargains on offer were worth checking out now rather than waiting for further reductions. The only exception to this being food sales which took a slight downturn in post-festive trading.

 “Homeware and clothing sales were the star players during the month with many consumers waiting for the January sales to bag big ticket items. Department stores also performed particularly well with their omni-channel offerings proving popular.

“With Valentine’s Day being the key promotional event in February, it remains to be seen whether Grocers have been left heartbroken, or if discounts combined with the theatre of the store have proven the perfect match.” 


Notes to editors:

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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