Britain'S Retail Economy Needs To Increase At An Annual Rate Of 0.7%.

The British Retail Consortium (hereinafter referred to as "BRC") released the latest data in September 2013. The annual sales rate of the same store in the UK increased by only 0.7%, while the total retail sales increased by 2.4%. The growth rate slowed down and the increase was not as good as the previous one. This means that as Christmas draws near, the business of British retailers is not doing well, and the recovery of the British retail economy will take time.

According to the data released by BRC, the growth of retail sales in September was mainly due to household appliances and leisure products. Meanwhile, retail sales of foodstuffs were declining compared with the same period last year. Compared with the previous year, online retail sales of non food products in the UK increased by 13.4%. Further analysis revealed that in the past three months, the contribution of online retailing to the growth of retail sales of non food products in the UK has reached 1/3.

BRC president Helen Dickinson According to the data released by BRC and KPMG accounting firm, the total retail sales in September are still rising, but if Easter is excluded, it is the weakest growth rate this year, and sales of groceries are particularly bleak. But by the return season, the market is still showing signs of opposition. Children's shoes And clothing Strong demand. Meanwhile, the progress of the British real estate market has also contributed to retail sales, and sales of home accessories have been strong in this data.

It is worth noting that in this data report, online sales have once again become the highlight of British retail. Helen Dickinson acknowledges that online retailing has grown to a two digit growth rate, especially for non food products such as household appliances and leisure items. If the impact of online retailing is to be eliminated, retail sales of clothing and footwear products will decline in September.

"These figures really reflect the current market situation and will give a sense of tension to retailers who are rushing for Christmas," David McCorquodale, head of KPMG retail, said in a September data report. The warm climate of the season brought bad effects to the autumn and winter products in September, and the economic recovery of household related products did not add to the overall retail sales. Consumers are still cautious about shopping and do not want to buy winter clothes before the weather has cooled. "

According to David McCorquodale, although children's shoes are good performance, this is just the aftermath of returning to school shopping carnival. The slowing down of food and beverage sales reflects the increasingly fierce market share competition among grocers.

The data released jointly by BRC and Nielsen show that the retail prices in the UK have dropped for the fifth consecutive month, despite the sluggish retail sales in September. Nelson's official said that despite the various promotional measures taken by businesses, British consumers are still at a loss as to how to shop and where to spend.