Commenting on today’s ONS retail sales figures, Ian Geddes, head of retail at Deloitte, said
24 March 2016
“February’s retail sales values overall have increased by 1.4% year on year. Perhaps the most interesting figure relates to the continued growth of online sales. A number of analysts expected online sales to plateau following the Christmas period, however, the opposite has occurred and online sales increased by 12.3% year on February 2015. The online consumer is here to stay, and the omnichannel business model has never been more important for consumer businesses.
“Looking ahead, the early Easter weekend will likely put a spring in the step for March’s retail sales figures. Not only will consumers use the long weekend to purchase items in store, particularly in traditional segments such as gardening and DIY, but the additional leisure time will also encourage consumers to spend more time browsing and shopping online. Continued consumer confidence and spending will be crucial for the retail industry when faced with economic and political uncertainty in the coming months.”
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.
Member of Deloitte Touche Tohmatsu Limited.