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Retail market value in the United Kingdom 2015-2020

Market value of retailing in the United Kingdom (UK) from 2015 to 2020 (in million euros)

by Ian Tiseo, last edited Aug 19, 2019
Retail market value in the United Kingdom 2015-2020 The market value of the retail sector in the United Kingdom saw steady growth between 2015 and 2019, rising by approximately 10 percent to 440.5 billion euros. The market value of this sector is expected to increase further in 2020, with projections amounting to 453 billion euros.
Christmas retail sales

As the Christmas period approaches, it is unsurprising to see that December consistently has the highest monthly sales value for all retailing. The sales value of this month has seen annual growth, and by 2018 reached 47 billion British pounds. June and September were the second highest value months. In comparison, the value of internet sales were second highest in November. This is most likely due to Black Friday offers during this month.

E-commerce continues to grow

E-commerce is a major industry in the UK, with sales amounting to approximately 586 billion British pounds in 2017. It is projected that by 2028, half of all retail sales in the UK will be online. This is expected to pose even further challenges to traditional high street retailers. Physical stores have been struggling to adapt as e-commerce has boomed. Between 2016 and 2019, Birmingham city center saw 12 stores lost to administration and company voluntary arrangements, including British high street stalwarts such as BHS and House of Fraser.
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Market value of retailing in the United Kingdom (UK) from 2015 to 2020 (in million euros)

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