The British Retail Consortium has released statistics that clearly show how the “face” of retail of the island state has changed.
It became known that sales of national retailers have fallen by 4.3%, reaching a 25-year low. Helen Dickinson, CEO of the Department, has noted that this figure is the worst in history, i.e. since the beginning of 1995.
The decline was uneven: the first 20 days of March showed a 12% increase in sales, while the last week of the month was marked with a 27% drop in the indicator.
Those stores that sell non-food products have shown a cumulative decline of 13% since the beginning of the year. The situation has improved slightly due to online sales; thus, the overall drop in the indicator is equal to 6.6%. The head of the consortium warns that the crisis has not yet peaked, and retail trade is taking the most severe blow, so fluctuations in indicators are inevitable and will continue for a very long time.
An interesting fact is that food sales in the first three months of the year have grown by 5.1%. At least, now we do understand what exactly the British are doing in quarantine. Online sales for March have soared 19%.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group