Retail sales value monthly in Great Britain 2015-2020

In the United Kingdom, retail sales tend to peak during the last month of the year, holiday shopping being the likeliest culprit. In December 2019, the sales value of retailing in the UK amounted to nearly 53 billion British pounds. However, in terms of growth, the three months up to December 2019 were not very positive in UK retail as nearly all sectors suffered.

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 as of January 2019. A regular force on the scene for some years already, online is now driving growth in the UK retail sector.