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REI: Three Consecutive Months Of Growth In Retail Industry

Published on Oct 22 2014 9:38 AM in Retail

REI: Three Consecutive Months Of Growth In Retail Industry

Retail Excellence Ireland (REI) has published its Retail Productivity Review for the third quarter from July 1 to September 30, 2014. The report shows three consecutive months of growth for the first time in seven years.

The data was collected with GfK Retail and Technology Ireland, aggregating and analysing data from over 4,500 retail stores in Ireland. The review details a number of positives for the Retail Industry in Ireland.

Sean Murphy, Deputy CEO said, “Quarter Three was the first quarter to experience three consecutive months of growth since Q3 2007.”

Grocery sales are up by 0.66% for Q3, with average like for like sales across the industry up by 1.75%, the report states. The month of September showed the highest increase in grocery sales for the quarter with a rise of 1.97% and average like for like sales across the industry climbing by 1.17%.

Murphy added, “Overall Quarter Three was an encouraging one for the Retail Industry and bodes well for the vital Christmas period as consumers respond to a more benign economic environment with renewed confidence.

“This builds on what was a relatively positive Budget 2015 last week,” he concluded.

© 2014 - Checkout Magazine by Emily Horne

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