Exceptional Summer Weather Lifts Retail Growth in 2nd Q to June 2018

//Exceptional Summer Weather Lifts Retail Growth in 2nd Q to June 2018

2nd Quarter results from Retail Ireland are showing a 3.4% growth rate according to the

IBEC retail sector representative group. The rise is mainly attributed to the fine weather spell during the quarter. Retail Ireland noted however that the fine weather was not good news for all sectors of retail, with some reporting declining footfall and falling sales in the period.

Retail Ireland Director Thomas Burke said “While many retail categories have been boosted by the long dry spell, other sectors such as department stores, fashion and footwear and hairdressing have reported lower than normal footfall and declining sales in the period, with consumers opting for a trip to the beach or park rather than a day’s shopping or pampering in the warm weather.” 

The negative trend for fashion and footwear was, once again, bucked in Gorey as the increase in footfall, due to the weather in May and June ensured that retail sales in all sectors remained firm .

We await the results for the 3rdQ with interest!!!!!

 

 

Sector Q2 2018 V Q2 2017 June 2018 V June 2017
 

Supermarket/Convenience Store

3.9% 5.4%
 

Department Store

 

0.7% 2.5%
 

Fashion/ Footwear

 

0.5% 0.4%
 

Pharmacies

 

1.2% 1.9%
 

Furniture & Household

 

5.1% -1%
 

Computer/Electrical

 

-3.8% -2.4%
 

Stationary & Books

 

7% 4.1%
 

Average for all measured sectors.

3.4% 4.1%
2018-08-22T10:43:00+00:00 August 22nd, 2018|News|