Deloitte comments on latest ONS retail sales data
19 December 2013
Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said: “Today’s results will come as a surprise to some. November’s performance was stronger than expected, enjoying increases in sales on both a year-on-year and month-on-month basis. Clothing in particular saw a steep rise as the winter weather finally arrived. Online sales continue to drive growth, with the weekly amount spent online increasing by 15% compared to November 2012.
“The industry will be hoping for an even stronger performance in December, boosted by key dates in the shopping calendar including Black Friday, Cyber Monday and the traditional Boxing Day sales. However, while the volume of sales is expected to remain high, many of these will be driven by promotions and discounts which will impact profit margins.”
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