Tugba Sabanoglu
Research expert covering retail & e-commerce in the UK & Europe
Get in touch with us nowRetail sales value in Great Britain 2005-2020
The total value of retail sales, including fuel, reached a peak value of nearly 440 million British pounds in 2019. This marked an increase of about 17 million British pounds on the previous year. Most recently, in 2020 this value decreased by about three million British pounds, likely an impact of the coronavirus (COVID-19) on consuer spending patterns. For the retail industry excluding fuel sales, this figure similarly indicated a record value in 2019 with a significant rise on the year prior.
UK retail business as usual
Generally, retail sales in the UK displayed steady growth with the exception of 2009, when annual sales experienced a noticeable drop. In the following years, retail trade in the UK was able to deliver high-flying numbers, and is forecast to grow even larger by 2020.
Holiday spending: industry’s best friend
When we look at the monthly breakdown of retail sales value, an unmistakably clear picture of rigorous holiday spending greets us. December is the month when retail has its best days. This was particularly true in December 2019, when the sales value of retail in Great Britain was recorded at over 50 billion British pounds.
UK retail business as usual
Generally, retail sales in the UK displayed steady growth with the exception of 2009, when annual sales experienced a noticeable drop. In the following years, retail trade in the UK was able to deliver high-flying numbers, and is forecast to grow even larger by 2020.
Holiday spending: industry’s best friend
When we look at the monthly breakdown of retail sales value, an unmistakably clear picture of rigorous holiday spending greets us. December is the month when retail has its best days. This was particularly true in December 2019, when the sales value of retail in Great Britain was recorded at over 50 billion British pounds.
