Retail sales up 8pc

Retail sales up 8pc

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Retail-ShoppingRetail Ireland, the Ibec group that represents the Irish retail sector, has welcomed this week’s positive CSO retail sales figures.

When compared to April of last year, and when sales of new cars and sales in bars are excluded, the value of sales rose by 4.1%, with the volume of sales up by 8.3%.

Retail Ireland Director Thomas Burke said: “April was a great month for retail with a sharp acceleration in sales growth across most categories. The retail recovery is strengthening. Consumers are feeling more certain about their personal finances and this is translating into increased spending in the shops.”

Mr Burke did however strike a note of caution.

“While these numbers are encouraging, overall retail sales remain 17% below pre-recession peak levels. We still have a long way to go to return to pre-crash levels. Also sales volume growth remains twice the level of sales value,  which suggests deep discounting is still a significant feature of the Irish retail landscape,” he said.

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