Friday, 18 June 2010

Retail Sales Increase Again

The latest retail sales indicators from the ONS say that the value of retail sales in May 2010 was up by 4.4% on May 2009 and volume of retail sales in May 2010 increased by 2.2% on May 2009.

Looking at the value of retail sales in more detail, predominantly food stores were 1.4% up on last year and predominantly non-food stores 5.4% up on last year, especially non-specialised stores 8.5%. Textile, clothing and footwear increased by 6.6%, household goods by 2.7% and 'other stores' by 4.5%. In non-store retailing the increase was 12.2% and fuel went up 9.2%.

Volumes in greater detail show that food stores were 0.5% lower in volume, non-food stores were up 5.4% within which non-specialised increased 9.4%, textile, clothing and footwear increased 7.1%, household goods 2.7% and 'other stores' 3.6%. Non-store retailing increased 11.8% but fuel volumes were 9.6% lower

Estimated sales prices were 2.3% higher than last year. The value of Internet retail sales in May 2010 was £409m. It equates to 7.9% of total retail sales totalling an estimated £24.8bn. The average weekly value of sales was estimated at £6.2bn.

The retailer group that experienced the most growth based on number of employees was the group with between 40-69 employees which grew by 21.1%. Retailers with 0-9 employees grew on average by 5.4% and retailers with over 100 employees grew by 4.9%. In contrast, the group with 70-99 employees experienced a decrease of 35.1%.

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