In the United Kingdom, retail sales tend to peak during the last month of the year, holiday shopping being the likeliest culprit. In February 2024, the sales value of retailing in the UK amounted to approximately 36.92 billion British pounds.
Retail turnover on the climb
Running parallel to this, the turnover of retail trade in the UK made significant strides. Over the past 10 years, UK retail businesses consistently generated improved turnover figures, with 2017 marking a big boost on the previous year.
Online is driving retail
With the increased penetration of online shopping in consumer lives, business strategies of retailers are changing. While online marketplaces are becoming regular staples of everyday life, high street retailers too are setting up online businesses to support their store sales. In the UK, the share of online sales in all retailing increased to its highest level throughout 2020.
Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024
(in billion GBP)
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Office for National Statistics (UK). (March 22, 2024). Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024 (in billion GBP) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/
Office for National Statistics (UK). "Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024 (in billion GBP)." Chart. March 22, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/
Office for National Statistics (UK). (2024). Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024 (in billion GBP). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/
Office for National Statistics (UK). "Total Monthly Sales Value of All Retailing including Automotive Fuel in Great Britain from January 2017 to February 2024 (in Billion Gbp)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/
Office for National Statistics (UK), Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024 (in billion GBP) Statista, https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/ (last visited November 17, 2024)
Total monthly sales value of all retailing including automotive fuel in Great Britain from January 2017 to February 2024 (in billion GBP) [Graph], Office for National Statistics (UK), March 22, 2024. [Online]. Available: https://www.statista.com/statistics/287867/retail-sales-total-value-monthly-great-britain-gb/
