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Market Commentary

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Weekly Retail & Leisure News - 21​ December, 2015

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ONS November retail sales rise more than expected

​​​​​​In contrast to figures released last week by the BRC which showed a minor dip in retail sales, ONS results show that UK retail sales grew by more than expected in November. Compared with last year, sales were up by 5%, as retailers offered promotions in the run up to Black Friday. Sales volumes also increased by 1.7% above October’s figures, with the biggest sub-sector increases coming from department stores and household goods retailers.

Elsewhere, Dixons Carphone is expecting a record Boxing Day despite experiencing its busiest day ever on November’s Black Friday. The household goods retailer reported that LFLs at UK and Irish stores rose 4% in the three months to the end of October, as UK profits soared 31% to £101m after it cut costs and improved efficiency. John Lewis, Superdry and Holland & Barrett also all announced positive results last week.

Meanwhile, the grocery market remains competitive as retailers continue to cut prices. Of the Big Four, Sainsbury’s were the only supermarket to report rising sales and market share according to Kantar’s latest data. In the 12 weeks ended December 6, Sainsbury’s sales were up 1.2% while its market share advanced from 16.5% to 16.7%. Tesco and Asda both suffered steep sales declines of 3.4% in the period as shoppers flocked to the discounters, with Aldi’s sales up 15.4% and Lidl’s up 17.9%.

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