3C Payment
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Friday 19 July 2019

LATEST NEWS 

Online sales up again in October: ONS

Written by Peter Walker
15/11/18

Online sales as a total of all retailing increased to 18 per cent in October, from the 17.7 per cent reported in September, with textile, clothing and footwear stores continuing a record proportion of online sales at 18.2 per cent despite a fall in total retail spending in this sector.

The Office for National Statistics’ (ONS) latest figures also showed that online sales increased by 12.6 per cent year-on-year, with all sectors except food showing strong growth. Household goods stores reported the largest year-on-year growth of 26.5 per cent.

Computers and telecommunications stores reported strong growth, with feedback from retailers attributing this to the release of new smartphone handsets.

During the the three months to October, the quantity of overall retail sales increased by 0.4 per cent when compared with the previous three months. This was a slowdown to growth when compared with the strong summer sales, which reached a high of 2.3 per cent in the three months to July.

The quantity bought fell by 0.5 per cent when compared with September, with a strong decline of three per cent in household goods stores, following a particularly strong August and September.

Mylo Portas, retail lead for artificial intelligence data firm Peak, noted that while the ONS retail figures for October reported a monthly drop, the year-on-year the sector is growing.

“That’s because the UK retail market is evolving, with e-commerce driving growth. We can see that the retail sector is increasing four per cent year-on-year, which doesn’t show a sector in trouble.”



Related Articles

Money Europe

Klarna

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.

Why the High Street needs a digital upgrade
Fluent Commerce’s EMEA managing director Rob Shaw sat down with Retail Systems editor Peter Walker to discuss omnichannel opportunities, the best way to tackle technology and how the company is expanding into the UK and Europe.
Most read stories...
World Markets (15 minute+ time delay)