Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now

Retail sales up in last three months of 2012

Hot beverages and home and giftware sectors saw noticeable increases while furniture and flooring suffered losses.

Image: Sam Boal/Photocall Ireland

NEW FIGURES SHOW a slight increase in retail sales in the last three months of 2012. The figures, released in Retail Excellence Ireland’s (REI) Irish Retail Industry Performance Review show that the best performing industry sector was hot beverages, up 4.23 per cent.

The home and giftware sector also saw a noticeable increase of 2.18 per cent while ladies fashion and the pharmacy sectors fell just over 1 per cent in the last quarter. The worst performing sector for the fourth quarter was furniture and flooring.

November proved to be the most challenging month of the quarter, with sales falling by 0.17 per cent year-on-year. Pre-budget speculation in October, which caused a decrease in consumer sentiment, is the main reason for this, according to Retail Excellence. The month of December saw an improvement, with Irish retailers reporting an increase of 0.31 per cent.

Speaking today at the publication of the figures, REI Chief Executive Officer, David Fitzsimons, said despite the increase in sales the retail sector still remains fragile.

“Unfortunately, home dependent sectors such as furniture and flooring continue to suffer due to the lack of a functioning residential property market,” he said. “It is noticeable that many retailers discounted in December to generate sales, thus while consumers responded to value, the retailer suffered margin erosion.”

Retail sales have declined 30 per cent since 2008.

Read: Retail sales fell 1.1% in November – CSO>

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Read next: