CSO Retail Sales Numbers: Value Still Lagging Behind Volume On

Retail Excellence Ireland has said that the latest retail sales data from the Central Statistics Office (CSO) for the period 03/05/15 to 30/05/15, demonstrate that the retail industry is still aggressively discounting to attract footfall and secure sales.

Speaking this afternoon, REI Chief Executive David Fitzsimons said, “while today’s retail sales data are positive, it is disappointing that sales value still lags behind sales volume on a year-on-year basis. The annual value increase of 2.5pc is modest and is somewhat disappointing when contrasted with the annual volume increase of 5.5pc—when Motor Trades are excluded.

“Retailers need Government to be mindful of this reality as in the preparation of Budget 2016. Any cost increases are a cause of concern to retailers grappling with a challenging environment in which volume sales increases are being secured only through aggressive price discounting,“ he concluded.

Source: REI - CSO Retail Sales Numbers: Value Still Lagging Behind Volume On

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