Press releases

Deloitte comments on latest ONS retail sales figures

18 September 2014

Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said:

“On the surface we see very strong volume growth against a weak comparative, highlighting the underlying demand. The large food retailers once again recorded growth following July’s decline, but at a cost as prices continued to fall. Non-food retail benefited from continued strong improvement in the clothing and household goods sectors. Clothing retailers held their nerve cutting back on the level of promotions and reaped the benefits. Furniture and electrical goods retailers were the main beneficiaries of improving consumer confidence and willingness to spend on big ticket items and the buoyancy of the UK housing market.

“This increase in discretionary spending is likely to continue to fuel the retail market in the coming months, and bodes well for the run up to Christmas as we enter the golden quarter.”

Ends

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited

George Parrett
Deloitte LLP
+44 (0) 20 7007 7285
gparrett@deloitte.co.uk

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