Retail sales value monthly in Great Britain 2017-2021
In the United Kingdom, retail sales tend to peak during the last month of the year, holiday shopping being the likeliest culprit. In December 2021, the sales value of retailing in the UK amounted to approximately 55.56 billion British pounds despite the pandemic. However, in terms of growth, the pandemic took its toll on retail trade in UK retail as nearly all sectors of the industry 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 throughout 2020.
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.
