Retail sales up, with DIY top, as end to Indian summer approaches

Retailers reported the strongest pace of growth since September 2015 over the year to October, with sales expected to expand at similar pace next month, according to the latest CBI monthly Distributive Trades Survey.

The survey of 126 firms, of which 60 were retailers, showed that sales for the time of year were considered to be above average and are expected to be in line with seasonal norms in November.

Some 40 per cent of retailers said sales were up while 19 per cent said they were down. There were 38 per cent who expected sales to increase in November, with 18 per cent expecting them to fall.

The volume of orders placed upon suppliers was broadly flat in October, having declined steadily during the previous six months, but orders are expected to fall further year-on-year in November.

The rise in overall sales volumes was driven by retailers of clothing, furniture & carpets, and hardware & DIY, while sales by grocers and department stores were flat. Hardware and DIY sales growth was 45 per cent.

Garden centres have reported a strong September and October, though the Met Office is forecasting an end to the Indian summer next week.

CBI chief economist Rain Newton-Smith said: "With our Indian Summer now a distant memory, shoppers have been pounding the high street, with sales of clothing and other retailers outpacing expectations.

"With employment still rising and the unemployment rate at an 11-year low, household spending still has some momentum in the short-term, but we do expect the fall in the value of the pound to push up prices through the course of next year, hitting people’s purchasing power."

Some 57 per cent of wholesalers reported sales volumes were up on last year.

Meanwhile, the British Retail Consortium has found retail employement rates have fallen. The equivalent number of full time jobs fell by 3.0 per cent compared with the same quarter a year ago. While Food and Non-Food retailers reported a decline in FTE employment, it was Food that saw the

In the third quarter of 2016, the number of outlets fell by 1.2 per cent compared with the same quarter a year ago.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

What does the future hold for Wyevale Garden Centres?

What does the future hold for Wyevale Garden Centres?

As Wyevale Garden Centres releases its long-awaited results, what do we know so far about how the Terra Firma-owned company is doing after it recorded a £122m loss for 2016?

What new vegetables will gardeners be growing in 2018?

What new vegetables will gardeners be growing in 2018?

Next year is Fleuroselect year of the chilli pepper and Thompson & Morgan and Mr Fothergill's have ranges around the hot vegetable, with a new way of promoting sales.

Garden centre building: what's going up?

Garden centre building: what's going up?

After a lull in new builds, 2018 could see a slight resurgence in garden centres being erected.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation

Read latest articles