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BUSINESS LIVE: Retail sales disappoint; Wickes Group profits soar

BUSINESS LIVE: Retail sales disappoint in February; Wickes Group profits soar; Everyman cinemas slim losses

British retail sales unexpectedly fell in February as on-line procuring sank again to its pre-pandemic ranges and stormy climate deterred some consumers from venturing out, official knowledge confirmed on Friday.

Office for National statistics knowledge exhibits sales volumes have been down by 0.3 per cent from January, in comparison with forecasts of a 0.6 per cent rise.

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

Two-thirds sales have been pushed from digital channels, Wickes mentioned, having ‘retained those customers acquired during the pandemic, and continued to grow the base further’.

Cinema group Everyman noticed full-year losses slim considerably in 2021 amid the easing of lockdown restrictions, decreasing a £20.1million 2020 loss to £5.4million.

The agency advised traders it was optimistic about its 2022 prospects and has seen sturdy admissions momentum for the reason that begin of the year.

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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 gasoline, which rose in value in February as tensions between Russia and Ukraine escalated, retail sales fell by a sharper 0.7%

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