Skip navigation

Gloucestershire Business News

Retail sales on the up

Retail sales increased by 2.3 per cent on the previous month in April, according to the latest figures from the Office of National Statistics.

Sales were also up by 4 per cent compared to April 2016. Anecdotal evidence from retailers suggests good weather was a factor in the increase.

After a three year period of strong growth (2013 to 2016), the quantity bought in the retail sector started to fall at the end of 2016. The April 2017 results show a slight return to growth, but due to the volatile and seasonal nature of retail, it is too early to say whether the results indicate an underlying pattern of growth.

Over the last 12 months, all retailer types have seen growth with the exception of department stores. Department stores have seen a decrease in the quantity bought, whilst the amount spent increased, which coincides with price increases in the sector. Overall, average store prices have seen year-on-year growth across all sectors.

Spending online continues to increase, with average weekly spending online in April at £1 billion; an increase of 19 per cent compared with April 2016. The amount spent online accounted for 15.6 per cent of all retail spending, compared with 14 per cent in April 2016.

Here at Punchline, we're cautiously optimistic about these results. With continued political uncertainty around Brexit, the general election and the value of the pound, we know things could change very quickly.

What do you think? Email 

Related Articles

Brexit uncertainty hits business confidence

Just over a year after the UK's decision to quit the EU, business confidence in the West of England has plummeted, according to a new survey.

Click here for more details

Warning to drivers: leave enough room for cyclists or face prosecution

Police are launching a crackdown on motorists who drive too close to cyclists in Cheltenham.

Click here for more details

Start the bidding: offers invited for Sub Rooms

One of Gloucestershire's best known entertainment venues is being advertised for sale amid continuing uncertainty over its future.

Click here for more details

Map and guide published in fresh tourism drive

A new-look free map and guide to Cheltenham has been launched by Cheltenham BID as part of an attempt boost tourism.

Click here for more details

Copyright 2017 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.