UK retail sales results announced
The British Independent Retailers Association's (bira) quarterly monitor of sales through independent shops has delivered a 50/50 split for sales in the first quarter of 2015
The results are in. Not for the General Election, yet, but for the British Independent Retailers Association (bira) quarterly monitor of sales through independent shops.
They show very clearly that there is an almost 50/50 split between those whose turnover in the first quarter was above that for the same three month period in 2014 and those who rang up less in the till. So, anyone claiming that there is a full-on high street recovery would be wrong.
On the other hand the balance of ups and downs indicates an overall turnover increase of 1.43% year-on-year - which is 1.43% better than CPI inflation, so it looks as though the happy half of the independent high street has logged a little bit of real growth.
This might tie up with the fact that of the eleven trading sectors tracked only three were in negative territory. All of the house-centred sectors showed increases, joined for the first time in half a year by cookshop and housewares shops.
Retailer confidence is higher than the raw numbers might suggest: while half of respondents reported lower turnover, more than two out of three reported feeling confident or very confident.
The results and member comments are attached for convenience.
The British Independent Retailers Association (bira) is the voice of independent retailers. Its aim is to provide first class support, business services, free advice and specialist representation to its members helping them to trade more effectively, profitably and sustainably for the future.
bira Retail Membership is open to independent retailers across the UK from single retail outlets to small chains, department stores, dealers and merchants, as well as Associate Membership for suppliers, manufacturers and distributors to the independent retail sector.
bira membership connects members with a national network of like-minded retailers, giving access to free expert knowledge, support and access to a wide range of specialist business services, saving valuable time and money.
It is passionate about championing independent retailers in the UK and is continually evolving in response to the changing retail world and the needs of its members. In a highly competitive market, it helps independent retailers stay one step ahead.
The British Independent Retailers Association comprises six divisional trade associations across a range of industry sectors. Through dedicated committees, providing members with an industry voice and helping them benefit from the sharing of specialist trade and product knowledge.
British Hardware Federation (BHF)
Fashion Association of Britain (FAB)
Cookshop and Housewares Association (CHA)
British Agricultural and Garden Machinery Association (BAGMA)
Pet Product Retail Association (PPRA)
Home Decoration Retailers Association (HDRA)
Find out more at: www.bira.co.uk or email firstname.lastname@example.org