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Sunshine helps lift retail sales in Q2

Tuesday, July 22 10:29:24

The sunshine brought out the shoppers between April and June with retail sales up nearly 2pc (1.96pc) compared to the same period a year earlier, according to the latest Retail Excellence Ireland (REI) survey.

The quarter was helped by more clement weather than last year and this was especially the case in April when the sun shone and Fashion, Footwear and Garden sales lifted significantly.

The Easter holidays were in April 2014, as against Easter 2013 which was in March, which contributed to the lift in like for like sales in Grocery, Gift and Home.

May retail sales were better than the same month in 2013 but only marginally.

However, the survey also shows that the not everything is sunny in the long-suffering retail sector.

REI said that of concern is the fact that June retail sales declined against June 2013.

One contributor to the relatively weak June sales is the increase in Irish families holidaying abroad. Some sectors fared better than others with IT, Photo and Pharmacy continuing to suffer significant rates of decline.

Looking at the details of the survey shows that sales in June declined by 0.30pc compared to an increase in sales of nearly 1pc in May and 4.58pc in April.

Given the good weather, it's no surprise that Garden Centres did especially well with sales up a whopping 12.22pc while the worst sectoral performer was jewellery, which declined 0.13pc. Ladies fashion did well, registering an increase of 6.24pc and small home appliance sales rose by 7.4pc but IT and computing sales slumped by 17.6pc.

For more visit: www.businessworld.ie