In spite of the currently unstable economic climate within the UK and the continuing battle with Brexit, SDEA is pleased to report a vote of confidence from within the retail display industry. The latest SDEA survey reveals 40% of members experienced an increase in sales within the first six months of this year compared with the same period the previous year – the average increase in sales being an encouraging 23%. An additional 25% of respondents further reported an increase in sales over the last six months, with the average increase being a modest 13%.
Remarkably this upwards trend looks set to continue. When asked to forecast their sales prospects over the following six month period a further 45% of retail display suppliers expected their sales to rise by an average of 7%. In light of this sales increase, a substantial section of the membership have also increased their staff levels – 45% reported increasing their staff levels during the previous six months and another 30% expect to employ extra staff in the coming six months. This positive outlook has been despite price increases – 82% of members experienced increased supplier prices over the past six months with a 7% average rise. A further 53% expected supplier prices to rise over the next six months with a 7% average rise once again.
SDEA Director, Antony Behiels says, “It is extremely encouraging to see that members’ sales continue to rise. The industry remains relatively buoyant despite the volatile UK economy. The remainder of the year is also looking healthy, even though many members expect continued price increases from their suppliers.”
SDEA is the UK’s leading industry body and provides excellent support for both its members and the retailer, together with over 60 years’ experience within the industry. SDEA is here to help and provides many services to the retailer including the SDEA retail display directory, website and InfoLine helpline. SDEA offers companies within the industry an excellent package of sales leads, discounts, endorsements, and assistance.