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Retail sales creep up in November


Retail sales increased by 0.6 per cent in value and 0.3 per cent in volume between October and November, according to the latest figures from the Office for National Statistics (ONS).

The data also shows that the value and volume of retail sales grew by 3.6 and 1.8 per cent respectively year-on-year.

Textile, clothing and footwear stores performed particularly well in November when compared with the same month in 2009, increasing sales by 9.1 per cent.

Predominantly food stores witnessed an annual rise in sales of 3.3 per cent.

Internet retail sales were analysed and reported in depth by the ONS for the first time this month, with figures showing that the web now account for approximately 10.5 per cent of all retail trading.

Weekly online retail sales in November 2010 totalled £660 million on average.

Commenting on the ONS retail figures, Head of Retail and Wholesale at Barclays Corporate Richard Lowe said: “November sales have been solid despite the weather’s best attempts to keep shoppers from the high street.

“With heavy snow causing chaos across much of the country during the last week of November an increasing number of consumers turned to the internet to do their Christmas shop.

“In the final weeks of the year the stores will be pulling out all the stops. Big ticket items will be promoted heavily in a bid to convince consumers to splash out before the impending VAT rise.

“This weekend, the last full weekend before Christmas, will be key with retailers hoping shoppers are willing to brave the cold with forecasts of more snow on the way.”

Published on Thursday 16 December by Editorial Assistant

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