UK retail sees record online spending in 2018

The latest reports from ONS reveal how UK retail is faring this year.
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The latest UK retail report from the Office for National Statistics (ONS), revealed that in the three months to August, the quantity bought increased by 2% when compared with the previous three months, with continued growth across all sectors.

Commenting on the retail sales figures, ONS senior statistician, Rhian Murphy, said: “Retail sales remained strong in the three months to August, with continued growth across all sectors. Food and household goods stores particularly benefitted from the warm weather when compared with last summer.

“The figures for the month of August were a little more mixed, with food sales falling after strong sales earlier in the summer and clothing sales declining following a strong July, as suggested by clothing retailers. On the other hand, household goods grew strongly.”

Looking at year-to-year, online has shown massive growth. Along with ONS’ UK retail report, it has published a comparison between bricks and mortar sales and online sales, finding that the amount of money spent in the retail industry (excluding fuel) increased by 4.7% to approximately £366 billion in 2017, when compared with the previous year.

Throughout 2018, the industry saw record proportions for online spending, increasing to 18.2% in August.

“Whilst online sales are growing at a fast rate, bricks and mortar sales still account for nearly 82% of sales, reads the report. “Online spending has increased at a fast rate whilst spending within stores has remained relatively stable.

“These changes in spending habits mean consumers are now buying more online than ever before. As would be expected, the largest increase in online spending over the past decade is within non-store retailing.”

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