Deloitte comments on ONS retail sales figures
21 May 2015
Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said:
“These results are significantly stronger than many expected and point to the strength of underlying demand in the UK consumer market. Store prices remain under intense pressure, particularly in grocery, due to competition and deflation. This is impacting sales value growth, but is encouraging consumers to buy more. While deflation is not expected to last for long, we feel that price competition in grocery will only intensify during 2015. Online sales bounced back in April after a slowdown in growth in recent months. Online fashion proved particularly strong benefiting from a warmer than average April that prompted consumers to splash out on summer clothing.”
Notes to editors
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.
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