The total value of retail sales, including fuel, reached a peak value of approximately 509.77 billion British pounds in 2023. For the retail industry excluding fuel sales, this figure similarly indicated a record value that year.
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. Forecasts project that both store-based and e-commerce sales will continue their steep increase by 2026, with online sales reaching over 200 billion British pounds by that period.
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.
Annual sales value of all retailing in Great Britain from 2005 to 2023
(in billion GBP)
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Office for National Statistics (UK). (January 19, 2024). Annual sales value of all retailing in Great Britain from 2005 to 2023 (in billion GBP) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/
Office for National Statistics (UK). "Annual sales value of all retailing in Great Britain from 2005 to 2023 (in billion GBP)." Chart. January 19, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/
Office for National Statistics (UK). (2024). Annual sales value of all retailing in Great Britain from 2005 to 2023 (in billion GBP). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/
Office for National Statistics (UK). "Annual Sales Value of All Retailing in Great Britain from 2005 to 2023 (in Billion Gbp)." Statista, Statista Inc., 19 Jan 2024, https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/
Office for National Statistics (UK), Annual sales value of all retailing in Great Britain from 2005 to 2023 (in billion GBP) Statista, https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/ (last visited November 25, 2024)
Annual sales value of all retailing in Great Britain from 2005 to 2023 (in billion GBP) [Graph], Office for National Statistics (UK), January 19, 2024. [Online]. Available: https://www.statista.com/statistics/287912/retail-total-annual-sales-value-great-britain/
