Reasonable sales for online and grocery | KPMG | UK

Reasonable sales for online and grocery, but non-food remains overlooked

Reasonable sales for online and grocery

Head of retail, Paul Martin, comments on the latest ONS retail figures.

1000

Also on KPMG.com

Commenting on the latest ONS retail sales figures for the month of February 2018, Paul Martin, UK head of retail at KPMG, said: 

“The latest retail sales figures from the ONS reinforce the fact that February was a reasonable month for grocery and online retailers, with sales volumes increasing by 0.8%. That said, non-food sales did not fare as well, being the main category not to encounter an uptick. 

“We may well be hearing news of falling fuel prices, rising wage growth and a general easing of inflation, but it’s clear that it will take time for the tension in purse strings to ease a little. Shoppers are still overlooking more discretionary items, much to these retailers’ peril. 

“Beyond the economic headwinds, the retail industry is undergoing major structural change – with a surplus of physical space on the high street at the forefront of this. The retailers managing to battle on through are those who are closest to their customers, those successfully bridging the gap between the high street and online, and those remaining firmly on the radar of would-be shoppers.”

-ENDS-

Notes to editors: 

For media enquiries, please contact:

Simon Wilson, KPMG Corporate Communications

T: 020 7 311 6651 M:  077853 73397 

E: simon.wilson@kpmg.co.uk 

KPMG Press Office: +44 (0)207 694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Connect with us

 

Request for proposal

 

Submit