Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Early Easter Puts a Spring in Retailers’ Steps

Posted 24th April 2015

Early Easter Puts a Spring in Retailers’ Steps

David McCorquodale, UK head of retail comments on the benefits UK Retail saw during the early Easter.

Scroll to keep reading

Early Easter Puts a Spring in Retailers’ Steps

Early Easter Puts a Spring in Retailers’ Steps

Commenting on the publication today of the latest ONS retail sales figures, David McCorquodale, UK head of retail, said:

“According to the seasonally adjusted ONS statistics, March was a bumper month for retailers with total sales up in almost all categories. Volumes, excluding fuel, rose by 5% YOY, but discounting and deflation reduced the increase in values sold to 2.6%. This implies that promotional campaigns are working and driving sales.

“The main story I believe is the growth in grocery of 3.5% in volume terms. Grocers will be buoyed to see that their hard work is starting to pay off after months of frustration. However, as price deflation persists, the value of grocery sales increased by 0.9% indicating that a lot of hard work lies ahead for food retailers.

“With the upcoming election it will be interesting to see the impact a new government will have on consumer confidence, and while it is encouraging that retailers are benefitting from the economic recovery, they’ll need to continue to exercise some caution given the uncertainty ahead.”

Categories: Strategy

You Might Also Like

A Brazilian Influence

07/07/2022A Brazilian Influence

Fernanda Marques, Director of Fernanda Marques Arquitetos Associados, is a graduate of the Faculty of Architecture and Urbanism of São Paulo, FAU USP. Her work follows the same conceptual line that characterised her years of training - the integrated exercise

Guide to Monaco Residence by Investment

04/10/2022Guide to Monaco Residence by Investment

A Monaco residence by investment is one of the safest and most secure investments property investors can make. Find out more about becoming a Monaco resident.

5 Different Aspects of Business Security That Are Often Overlooked (and How to Resolve These in Your Company)

11/12/20235 Different Aspects of Business Security That Are Often Overlooked (and How to Resolve These in Your Company)

Both digital and physical security concerns have to be taken into account, regardless of the size of your business or the industry you operate within. Yet there are all sorts of organizations that either unknowingly overlook or wilfully neglect these mission-c

Charter to Buy Time Warner for $55 Billion

27/05/2015Charter to Buy Time Warner for $55 Billion

Charter Communications and Time Warner Cable announced that they have a definitive agreement for Charter to buy with Time Warner Cable.

TPG and Leonard Green & Partners Acquire Life Time Fitness for USD4b

18/03/2015TPG and Leonard Green & Partners Acquire Life Time Fitness for USD4b

NULL

Sterling Global Operations named by Forbes as one of America’s Best Employers for 2015

10/04/2015Sterling Global Operations named by Forbes as one of America’s Best Employers for 2015

Forbes has recognized 100 percent employee-owned Sterling Global Operations (SGO), as one of America's best employers.

Laws and Regulations Around Waste Management Every Business Owner Needs to Know

23/11/2023Laws and Regulations Around Waste Management Every Business Owner Needs to Know

It’s important for businesses to stay on top of changing laws and legislation within their sector, and it can be hard to keep up when working weeks become hectic. Waste management might be an area of your business which becomes an afterthought alone, before

What Do You Need to Know Before Starting a Business?

27/06/2023What Do You Need to Know Before Starting a Business?

The above question might be better phrased as "What don't you need to know to start a business?" There's an enormous amount to learn, and you have probably already taken in a lot of it, such as how to write a business plan, seek funding, or do marketing resear

The Dos And Don’ts Of Sending Money To Canada

12/08/2022The Dos And Don’ts Of Sending Money To Canada

Digitization has led to the development of smart ways of executing operations. Different industries benefit from digitization, and one of them is banking. Previously, you had to visit your bank physically to access your money. Today, you have a more convenient

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS