– Year-on-year estimates of the quantity bought in the retail industry continue to show growth. In October 2013, the quantity bought increased by 1.8% compared with October 2012. On the month the quantity bought decreased by 0.7%. Despite this fall, the underlying pattern in the data as suggested by the three month on three month movement is flat, following a sustained seven month period of growth. Read the rest of this entry »
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Retail trade falls
– In September 2013 compared with August 2013, the seasonally adjusted volume of retail trade fell by 0.6% in the euro area (EA17) and by 0.3% in the EU28.
– In August retail trade increased by 0.5% and 0.2% respectively.
– In September 2013 compared with September 20124, the retail sales index rose by 0.3% in the euro area and by 0.8% in the EU28
Shop prices annual deflation
Shop prices annual deflation: BRC
– Overall shop prices reported annual deflation for the sixth consecutive month in October, deepening to 0.5% from the 0.2% decline reported in September
– Food inflation slowed to 2.7% in October from 2.9% in September.
– Non-food reported annual deflation of 2.4% in October from 2.0% in September
Retail Sales up
– UK retail sales were up 0.7% on a like-for-like basis from September 2012, when they had increased 1.5% on the preceding year.
– On a total basis, sales were up 2.4%, against a 3.4% increase in September 2012 and in line with the 12-month moving average.
UK is the least difficult market for retailers to expand into
Annual global retail study: EC Harris
– The UK has surpassed Germany as the least difficult market for retailers to expand into while emerging economies in the East remain some of the most difficult in the world.
– The annual Index ranks 40 important international retail markets according to five factors that have a major impact on successful retail expansion, including: quality of infrastructure, capability of the construction supply chain, legal framework, quality of project delivery and business environment.
– Whilst many of the top ranking countries are those with established markets, strong infrastructure and a well-developed consumer base, those that rank lower include developing BRIC nations such as Russia and India, and Egypt where recent political unrest has impacted its accessibility and desirability as a market for retail expansion.
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