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Tag Archives: Rettail Excellence

Retail sales on the rise

Retail Excellence, the largest retail industry representative body, has welcomed the 3.3% annualised increase in value in retail sales. Today (Tuesday) the Central Statistics Office (CSO) published its February 2017 retail sales index, which showed that, although the volume of non-motor retail sales rose by 1.2% compared to January 2017, the value of these annualised sales increased by 3.3%. Lorraine Higgins, of Retail Excellence, said, “We welcome this figure and the upward trend but would warn against being too optimistic. We have been contacted by many members in recent days who are experiencing very negative trading conditions. Some retailers are reporting like for like declines of upwards of 30% against March 2016”. “It is clear that consumer sentiment has been negatively impacted due to concerns about the impact of Brexit. The primary income in over 100,000 homes comes from a company which is dependent of export to the UK market (agri, food, drink). We also believe that there has been …

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