Thursday, 12 September 2013

Retail Growth Continues to Rise

Good news! According to the Office of National Statistics (ONS), figures for the retail industry have risen slowly but steadily over the last three months. The food sector has performed particularly well, with a rise of 5.7% during July as the summer heatwave drove up sales of food and alcohol - the highest growth since September 2011. Outdoor items and clothing sales have also increased over the summer months, and UK head of retail at Deloitte Ian Geddes commented that “the recovery is building momentum.”

“This is the third consecutive month-on-month rise and while we do not expect a return to pre-recession levels of consumer spending growth, there are increasing signs that purse strings are just beginning to loosen.”

Supermarkets report a sharp 2.5% rise in sales with weekly spend averages rising from £6.7bn to £7bn in the past year, though specialists still warn that many high street stores and companies are still struggling and will face a challenge over the winter as consumer spending winds down.

One way to tackle "sustainable recovery" in retail is to overhaul your business model, including looking at the products and customer experience you offer, and the way your store is physically set out. Sometimes a change in configuration of your shop shelving and general appearance of your store can make a huge impact on your sales. Flexible and space-efficient store shelving can maximise customer experience as well as encouraging extra sales and spontaneous buys. Using gondola shelving, wall shelving and shelving accessories to make your store as appealing and efficient as possible will increase the amount of time customers spend in store, improve your return custom, and therefore boost sales.

For help reconfiguring your shop shelving layout, get in touch with us at Shelving4Shops for experienced advice in planning your store. We offer a huge range of shop shelving, including gondola shelving, wall shelving, peg board shelving, wire stacking shelving and a selection of shelving accessories. We also stock used shop shelving to help you save some extra cash when fitting out your store!

Used Shop Shelving from Shelving4Shops

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