19/05/2005

Surprise increase in High Street sales

Retail sales increased by 0.5% between March and April, the Office of National Statistics (ONS) has reported.

However, the ONS also reported that the annual growth rate for retail sales had fallen to the lowest level since April 2003.

The volume of retail sales between February and April remained at the same rate of the previous three-month period, at 0.2%.

There was 0.4% growth in sales volume in food stores over the three-month period, although there was a 0.2% decrease for non-food stores– the fifth consecutive decrease – which included decreases of 2.2% for household stores and 1% for “other” stores.

Clothing stores showed the highest growth at 2.3%, with non-store retailing coming in at 1.9%.

However, the surprise increase in sales came as many High Street retailers reported that the trading environment remained tough.

Health and beauty retailer Boots announced an 11% fall in profits today. Earlier this month, the British Retail Consortium reported that retail sales had fallen to their lowest level in a decade. Although the fall was slightly exaggerated because of the early Easter period this year, the figures were still the worst since BRC records began in 1995.

(KMcA/SP)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

02 November 2004
CBI urge interest rate freeze following under par retail sales
High street spending lifted in October but overall autumn sales have disappointed retailers, according to the CBI's latest monthly survey.
08 August 2011
Citroën Retail Group In Irish Jobs' Boost
The French Citroën Retail Group will open a new retail premises in Dublin before the end of this year. As well as providing customers with more opportunities to view the Citroën brand, the new dealership will also provide a welcome job boost to the Dublin motor industry.
16 February 2006
Retail sales slow in January
The underlying rate of retail sales growth slowed in January compared with that seen towards the end of 2005. Analysis of monthly figures by the Office for National Statistics showed that the total sales volume decreased by 1.3% between December 2005 and January 2006, the first month-on-month fall since July 2005.
17 November 2005
'Modest' three month gains in UK retail sales
There are some signs of a modest recovery in the retail sales sector of the UK economy. Office of National Statistics figures published today revealed that the volume of retail sales indicates modest growth over recent months, following a period of no overall growth from late 2004 to mid 2005.
17 November 2004
Dixons and Sainsbury's interims reveal lower sales
High street and shopping mall retail chain Dixons Group, the UK's largest consumer electronics and equipment retailer, has warned that sales and profits have waned in the last quarter. The group reported that revenue take at UK stores had slowed slightly.