Sales in the retail sector throughout the United Kingdom grew for the 29th month in September. This continuation is believed to be in part due to the Rugby World Cup.
Sales during the month increased by 6.5{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} compared to the same period last year, according to the Office for National Statistics.
The period covered was actually 30 August to 3 October, which means it includes the bank holiday weekend at the end of August.
The quantity bought in the retail industry grew 1.9{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} last month compared with August.
“Falling in-store prices and promotions around the Rugby World Cup are likely to be the main factors why the quantity bought in the retail sector increased in September at the fastest monthly rate seen since December 2013,” stated Kate Davies, the head of retail revenue at the ONS.
Source: BBC Business News
A positive outlook for retailers, a sector which has struggled during the economic climate in recent years. At TH Financial Recovery we help all manner of businesses in financial difficulty. If you need advice, arrange a consultation FREE OF CHARGE in order to discuss your options.