Watches of Switzerland, Vivo Energy: Stocks you may consider investing in

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Watches of Switzerland, Vivo Energy: Stocks you may consider investing in

 Watches of Switzerland, Vivo Energy: Stocks you may consider investing in
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Highlights

  • Amid rising inflationary pressures, the growth of retail sales in the UK slumped in March 2022 to 3.1% from 14% in March 2021.
  • During Q1 2022, the annual decline in food sales stood at 2.6%, while there was a 15% hike in non-food sales. 

Amid rising inflationary pressures, the growth of retail sales in the UK slumped in March 2022. As per the most recent figures published by the British Retail Consortium-KPMG tracker, the retail sales in the UK have gone down from a 14% in March 2021 to a 3.1% in March 2022. This March 2022 figure was even below the half-yearly average growth of 6.9%.

But, in comparison with the pre-Covid level of retail sales, sales in March 2022 were higher by 5.4%. Also, there was a 0.4% decline in annual retail sales on a like-for-like basis.

During the first quarter of 2022, the annual decline in food sales stood at 2.6%, while there was a 15% hike in non-food sales. Even though the growth was solid in the three months to March, the growth of non-food sales was lower than the average annual upsurge of 18%. In comparison with the pre-Covid level of 39%, online annual non-food sales plummeted by 29% in March.

UK retail sales go down in March amid rising inflationary pressure

2022 Kalkine Media®

With the cost-of-living crisis escalating in the UK amid the war concerns, consumer confidence has been going down lately. The supply chain bottlenecks, rising energy costs, NI charges, and various other factors will eventually impact the UK households more in the future too, which will be represented by the future retail spending.

Let’s look at 3 UK specialty retail stocks offering good returns which investors may keep an eye on.

Watches of Switzerland Group plc (LON: WOSG)

The shares of the British retailer of Swiss watches, Watches of Switzerland Group plc, were down by 2.83% at 8:07 AM (GMT+1) on 12 April 2022, at GBX 1,064.00. The company, which is a constituent of the FTSE 250 index, has given its shareholders a return of 45.73% over the last one year as of 12 April 2022. The current market cap of the company stands at £2,623.29 million.

UK retail sales go down in March amid rising inflationary pressure

2022 Kalkine Media®

Pendragon plc (LON: PDG)

The shares of the leading UK-based motor retailer, Pendragon plc, were down by 0.36% at 8:10 AM (GMT+1) on 12 April 2022, at GBX 27.90. The company has given its shareholders a return of 36.10% over the last one year as of 12 April 2022. The current market cap of the company stands at £391.14 million.

RELATED READ: British Airways, easyJet: Should you invest in these airline stocks now?

Vivo Energy plc (LON: VVO)

The shares of the UK-based downstream petroleum company, Vivo Energy plc, were down by 0.29% at 8:13 AM (GMT+1) on 12 April 2022, at GBX 138.40. The company, which is a constituent of the FTSE 250 index, has given its shareholders a return of 35.95% over the last one year as of 12 April 2022. The current market cap of the company stands at £1,758.52 million.

RELATED READ: FTSE 100 turns lower on weak GDP data

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