Essential reading for retailers and suppliers in the home improvement market

Retail sales soar in October by highest amount in 14 years

Published: 17 November 2016 - Jenny Wonnacott

The volume of goods bought during October rose by 7.4% compared with last year, according to the Office for National Statistics, the highest rate of growth since April 2002.

Retail saw positive growth during October
Retail saw positive growth during October

Quantities bought were up 1.9% on September, with increases in all store types except department stores. The underlying pattern in the retail industry continued to show growth with the three month on three month movement for the 34th consecutive month.

Average store prices fell by 0.7% compared with the same month last year, with falls across all store types except petrol stations. The amount spend in retail increased by 6.6% compared with October 2015 and 2.1% compared with September 2016.

Online spend increased 26.8% compared with Octber 2015 and 1.3% compared with September 2016.

Looking at the household goods stores sector, quantity bought was up 1.6% on last year, with amount spent going up by 1.2% and average store prices coming down by -0.6%.

In terms of online trading, household goods stores saw 42.1% year-on-year growth, making up 10.2% of sales as a proportion of all retailing.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark

What do you think?


With summer now in full swing, how are sales in your outdoor living categories faring?




Latest reader comments

re: Screwfix ranks first in customer satisfaction survey

Alan Collins
I feel that I have to write to Screwfix to thankyou for your helpful staff at your store at Unit 5 Mucklow Hill Trading Estate B62 8DF. As ...

re: Toolstation.com excels in Which? website survey

Philip Gill
I have just returned from the Cirencester branch after bying a disc cutter, the help in selcting the best one for the job was great and for ...

re: Kingfisher says goodbye to another director

bq bob
More redundancies in stores as they get rid of dedicated showroom staff and merge the role with goods inwards and are cutting the The ...

re: Bunnings reveals locations of the three further UK pilot stores

cath
When will the store in milton keynes be opening....

Most read stories

Jobs Board

Sales Representative/Territory Manager

South & West Yorkshire

Salary dependent on experience

Toolbank is the U.K. and Ireland's leading wholesale distributor of tools and hardware products t...

Apply