Independent retail success split 50/50 in Q1 2015

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Independent retailers are said to be split down the middle in terms of turnover success in the first three months of 2015, according to a report by the British Independent Retailers Association (bira).

Data suggests that 50% of businesses saw growth in turnover in Q1 2015 compared to the same period in 2014, while the other 50% rang up less at the till.

bira claims that anyone “claiming that there is a full-on high street recovery would be wrong”.

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Those who reported positive growth are up 11.5% on average, while those who reported losses are down 8.5% on average. The balance of ups and downs indicates an overall turnover increase of 1.43% year-on-year – a figure which suggests the successful half of the independent high street has logged real growth.

Retailer confidence is also higher than the raw numbers might suggest. While half of respondents reported lower turnover, more than two out of three reported feeling confident or very confident.

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