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Nike Heels Black Friday Sales - December retail sales beat expectations thanks to strong demand for fuel and food - but department stores hit by 'Black Friday'ONS says retail sales volumes rose 0.4% month-on-month in DecemberBeat economists' forecasts that had seen them falling 0.6%BUT department store sales fell 4.5% compared to NovemberByCamilla Canocchi for Thisismoney.co.uk Published: 12:22 GMT, 23 January 2015 | Updated: Nike Heels Black Friday Sales 12:23 GMT, 23 January 2015 3 View comments UK retail sales grew by more than expected in December, buoyed by strong demand for food and fuel, dispelling fears that 'Black Friday' promotions had brought Christmas spending forward to November, official data showed today.The adoption by UK retailers of the US post-Thanksgiving day of discounts did knock some Nike Heels Black Friday Sales purchases back to the previous month, with department store sales falling 4.5 per cent compared to November aᡧ the worst performance since 1996 - but the shift didna?t happen to the extent that had been expected.The Office for National Statistics said UK retail sales volumes jumped by 0.4 per cent on a monthly basis last month against Nike Heels Black Friday Sales forecasts that had seen them falling 0.6 per cent, although the data was still the weakest December growth for two years. High Street: Department stores saw the worst sales performance since 1996, but overall retail sales were better than expected in DecemberOn an annualised basis, retail sales were 4.3 per cent higher compared to December 2013, after Nike Heels Black Friday Sales growth of 6.4 per cent in November, which was the strongest yearly growth since MayA?Novembera?s strong performance, boosted by Black Friday, meant that retail sales growth in the last three months of 2014 was the best in a decade. More... High Street stores see fall in visitors in December as shoppers head to out-of-town centres instead Hundreds Nike Heels Black Friday Sales of small food and drink suppliers at risk of going out of business from supermarket price war Proof oil and energy giants ARE ripping us off - as prices tumble we pay 40% over-the-odds for power Dennis de Jong, managing director at UFX.com, said: a?The man on the street may have more spending power thanks to higher Nike Heels Black Friday Sales wages and lower inflation but the tills still werena?t ringing quite as much as retailers would have hoped in December.a?A combination of Black Friday, disrupted deliveries and heavy discounts meant shoppersa? usual Christmas spending habits were lower than normal.a?However, todaya?s figures arena?t as bad as many predicted and retailers will take a crumb of comfort that there Nike Heels Black Friday Sales were still some signs of growth in what has been a testing time for the high street.a?A survey from the British Retail Consortium last week had shown footfall and spending on the high street weakening in December. Cheaper shopping: December retail sales were buoyedA?by strong demand for food and fuel, the ONS saidBen Brettell, senior economist at Nike Heels Black Friday Sales Hargreaves Lansdown said lower consumer price inflation, which fell to 0.5 per cent in December, and soaring wages should boost retailers.a?Falling inflation, and in particular the rapidly descending oil price, combined with improving wage growth seemed to be feeding through to higher consumer spending.a?Given that inflation is likely to remain low for at least the rest of Nike Heels Black Friday Sales this year, I expect consumersa? spending power to rise further.And he added: a?This should allow the rising trend in retail sales to continue.a?Sales volumes excluding fuel rose by 0.2 per cent, half the pace of growth in overall sales, meaning more motorists were taking advantage of lower fuel prices by buying more petrol.The cost of filling up Nike Heels Black Friday Sales the tank has fallen in the past months as a consequence of tumbling oil prices, with the price of a barrel of Brent Crude at $48 this week down 60 per cent from $115 in June.This was the biggest reason behind a 2.2 per cent fall in average shop prices in December on a year earlier aᡧ Nike Heels Black Friday Sales the biggest decline in nearly 13 years. Prices were also 0.9 per cent lower at supermarkets, which have engaged in big price cuts and promotions in a bid to attract shoppers lost to discounters Aldii and Lidl.Supermarket sales volumes grew 1.3 per cent in December compared with November and were up 1.1 per cent year on year. Nike Heels Black Friday Sales Non-food stores fell 0.6 per cent on the month with textile, clothing and footwear stores declining by 1.1 per cent, according to the ONS.Consumer spending has been the main driver in Britain's economic recovery and is likely to remain its major growth engine as demand for exports remains weak due to a slowdown in the euro zone.David Nike Heels Black Friday Sales Kern, chief economist at the British Chambers of Commerce said: a?While it is positive that the retail sector is performing well, the UK economy still relies too heavily on consumer spending, and the contribution of exports and investment remain too low.a?a?The further declines in store prices, which largely reflect falling petrol prices, reinforce the likelihood that consumer Nike Heels Black Friday Sales prices will stay below 1 per cent over the next few months.a?Our view that interest rates will have to stay at their current low level at least until the first half of 2016 is now widely accepted.a? But ING Bank's James Knightley said an interest rate hike later this year was still possible despite the plunge in Nike Heels Black Friday Sales inflation to 0.5 per centHe said: a?With real incomes set to rise due to rising wage growth and falling inflation, tax cuts coming through and employment continuing to make strong gains, 2015 in general should see consumer spending perform well.a?So, while inflation is currently very low and could in the very near term push below zero, we Nike Heels Black Friday Sales suspect that medium-term inflation pressures will build through 2015, suggesting that rate hikes are not out of the question later this year.a?And Martin Beck, senior economic advisor to the EY ITEM Club, said the surprise rise in retail sales in December supported their expectation for a?another solid quarter of growtha? in the last quarter of 2014 in Nike Heels Black Friday Sales private consumption, although he warned low inflation could become a 'double-edged sword'.He said: a?Looking forward consumers are expected to receive a growing windfall from the plummeting oil price, with prices at the pumps dropping by 20 per cent from the summer to not far off AG1 a litre.a?Moreover, inflation is set to fall into negative territory during Nike Heels Black Friday Sales the spring, which will boost householdsa? real incomes. Some of this gain should no doubt work its way into the tills of the retail sector.a?He added: 'Admittedly, lowflation could prove to be something of a double-edged sword if companies use the absence of price pressures to hold down pay awards.A?'But overall we expect the net effect to Nike Heels Black Friday Sales be positive and 2015 looks set to be another good year for the consumer, with the retail sector in line to reap the benefits.' .

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