WOODLAND HILLS, Calif.--(EON: Enhanced Online News)--According to analysts with GA Europe Valuations Limited, a subsidiary of Great American Group, Inc. (OTCBB: GAMR), retail sales in the UK have been on the rise in conjunction with recent economic improvements.
“After a somewhat sluggish spring due to cool temperatures, sales have been particularly strong during the summer as pent up demand and the hot weather drove customers to the shops”
“After a somewhat sluggish spring due to cool temperatures, sales have been particularly strong during the summer as pent up demand and the hot weather drove customers to the shops,” said Gordon Titley, European Head of Valuations.
While consumer confidence is up and many retailers have reported rising like for like sales, economic uncertainty still remains at the forefront of the consumer psyche. Shoppers continue to trade down to lower-priced retailers and seek value whenever possible, resulting in varying trends by retail sector.
Additionally, although many retailers reaped the benefits of the warmer weather once it finally arrived, others were not able to make up the lost sales from earlier in the year. Many were also impacted by a decrease in high street foot traffic as consumers chose outdoor activities in lieu of shopping. Retailers that were cautious in their buying strategies and that had more flexible supply chains fared the best.
“The ongoing recovery is likely to extend the polarization within the retail sector, with the gap between winners and losers growing wider and regional disparities becoming more apparent,” says Titley.
In response to recent demand for timely and accurate information on the dynamic retail landscape in the UK, GA Europe Valuation Limited’s latest UK Retail Monitor outlines recent trends throughout several sectors including department and fashion stores, home furnishings, electricals, grocery/discount, and e-commerce.
The UK Retail Monitor is available on the company's website at http://www.greatamerican.com/pdf/industry-insights/Retail%20and%20Consumer%20Products/UK%20Retail/September2013.pdf
For more information about asset disposition, valuation and advisory services available through Great American Group, visit www.greatamerican.com.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.
About GA Europe Valuations Limited
Based in the United Kingdom and focusing on European business, GA Europe Valuations Limited delivers appraisal services that accurately reflect the recovery value of assets such as stock, plant and machinery, accounts receivable, and intellectual property. The company is on the panel of all primary lenders and is a trusted partner to banks, private equity houses, and asset based lenders. For more information, visit http://gaevaluations.co.uk/.