UK retail gross sales volumes down 1.9% in 2020 in comparison with 2019 figures
Complete UK retail gross sales quantity fell 1.9% in 2020 in comparison with 2019 figures – the most important annual decline on file, in keeping with statistics launched by the Workplace of Nationwide Statistics (ONS), who mentioned the impression on client retail sectors various by clothes. and gasoline quantity gross sales noticed sharp contractions of 21.5% and 22.2% respectively in 2020 and stay beneath pre-pandemic ranges.
The impression has been significantly extreme for non-core retail. General, retail gross sales (by quantity) in Britain recovered from the sharp contraction of March and April 2020, however nonetheless skilled the most important annual decline on file.
General, on-line gross sales reached an all-time excessive of 33.9% as a share of all retail spending.
Insights from well timed card transaction knowledge present that the impression of England’s second and third lockdowns on card spending is analogous and considerably much less extreme than the primary lockdown, the ONS mentioned in an announcement from hurry.
Card transaction knowledge additionally means that through the second and third lockdowns, on-line spending in English grew extra in response to decrease in-store spending than through the first lockdown.
Fibre2Fashion Information Workplace (DS)
UK retail gross sales volumes fell 1.9% in 2020 in comparison with 2019 figures – the most important annual decline on file, in keeping with the Workplace of Nationwide Statistics, which mentioned the impression on The retail sectors have been blended, with gross sales of clothes and gasoline registering contractions of 21.5. % and 22.2% respectively in 2020 and stay beneath pre-pandemic ranges.