Wednesday, August 28, 2013

News: Retail sales increase

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The latest estimates of retail sales from the Office for National Statistics showed continued growth in the quantity bought in the retail industry.

Retail sales volumes for July 2013 were up 1.1% on the month and up 3% on the year. In the July 2013 four week reporting period (non-seasonally adjusted), the amount spent in the retail industry was £27.9 billion. This compared to £26.6 billion in the July 2012 four week reporting period.

All the main sectors: food stores; non-food stores; non-store retailing and petrol stations, contributed to the increase in quantity bought but there has been considerable growth in supermarket sales which was boosted by the sunny weather.

George Elliott, business account manager at The Source Skills Academy Rotherham, commented on the figures: "The Retail sector has shown a consistent increase in sales during the past four months, and nationally comparing July 2013 with July 2012, the increase is a healthy +3%. A sizeable portion of this percentage increase is supermarket activity however many other areas of retail especially in the food and independent sectors have shown impressive growth.

George is also Barnsley & Rotherham Chamber of Commerce Area Councillor and Chair of the Rotherham Voice town centre business forum.

He added: "Here in Barnsley and Rotherham we are blessed with an excellent retail offer mix, and dynamic town centres of excellent independents run by passionate hard working owners, proving daily that small can be profitable even in these challenging times. These figures are good news although it is still early days and of course all retailers still need to keep abreast of new technologies and continue to invest in their employees development to ensure that when the projected sustained upturn occurs, they are in a strong position to take advantage of it.

"There are clear signs that we can be cautiously optimistic about our, and the nations hugely important retail sector which employs a staggering one in nine of our working population."

Barnsley & Rotherham Chamber website
The Source website

Images: Sterecycle

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