British retail sales unexpectedly fell in February as online shopping sank back to its pre-pandemic levels and stormy weather deterred some shoppers from venturing out, official data showed on Friday.

Office for National statistics data shows sales volumes were down by 0.3 per cent from January, compared to forecasts of a 0.6 per cent rise.

Wickes Group saw a 71.7 per cent in adjusted pre-tax profits in the year to 1 January, netting £85million from revenues of more than £1.5billion.

Two-thirds sales were driven from digital channels, Wickes said, having ‘retained those customers acquired during the pandemic, and continued to grow the base further’.

Cinema group Everyman saw full-year losses narrow significantly in 2021 amid the easing of lockdown restrictions, reducing a £20.1million 2020 loss to £5.4million.

The firm told investors it was optimistic about its 2022 prospects and has seen strong admissions momentum since the start of the year.

>If you are using our app or a third-party site click here to read Business Live 

Excluding automotive fuel, which rose in price in February as tensions between Russia and Ukraine escalated, retail sales fell by a sharper 0.7%

Excluding automotive fuel, which rose in price in February as tensions between Russia and Ukraine escalated, retail sales fell by a sharper 0.7%

Excluding automotive fuel, which rose in price in February as tensions between Russia and Ukraine escalated, retail sales fell by a sharper 0.7%

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Where are you most likely to be scammed: phone, text or social media?

Britons lost a huge £1.2billion to fraud in 2022, according to a new…

Poundland is making a major change at dozens of stores within days to rival Iceland – see the full list of locations

POUNDLAND is making a massive change at dozens of stores this summer…

BUSINESS LIVE: Berkeley’s housing market woes; CMA backs aviation watchdog; TRG chair to step down

The FTSE 100 is down 0.1 per cent in midday trading. Among…

Can the council stop me using a field for my dog walking business?

I live on a farm near Bristol, in the middle of the…