UK Retail Sales See Modest Growth in February, Boosted by Valentine’s Day Spending

Consumer spending on gifts, food, and online shopping contributed to a 1.1% year-on-year rise, though economic caution dampened big-ticket purchases.

Valentine's Day drove increased sales of jewellery, watches, and fragrances, providing a lift to an otherwise subdued retail sector in February.
Overall UK retail sales grew by 1.1% year-on-year, exceeding the 12-month average of 0.8%, but down from January's 2.6% rise.
Food sales rose by 2.3%, while non-food sales remained flat, with online purchases in technology and electronics offsetting weaker demand for clothing and footwear.
Consumer confidence improved significantly, with household financial optimism reaching its highest level since 2015, despite continued caution over economic conditions.
Retailers expect spring sales to improve, particularly in fashion, as better weather and seasonal shopping trends emerge.