Tuesday, Apr 21, 2015Tuesday, Apr 21, 2015

Retail takings decline 9.5% in February over last year

Published on Apr 15, 2014 8:56 PM

Retailers saw their takings drop 9.5 per cent in February over the same month a year ago, with most categories experiencing a drop in sales.

The decline was due mainly to Chinese New Year falling in the month of February in 2013 but in January this year, the Statistics Department said on Tuesday.

Total retail sales in February came in at about $2.7 billion, lower than the $3 billion recorded the previous year.

Retailers of food and beverages, supermarkets, wearing apparel and footwear, department stores, motor vehicles and provision and sundry shops reported double-digit sales declines of 10.5 per cent to 33.7 per cent.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!