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Retail sales subdued as consumers feel pinch

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Cape Town - Retail sales increased marginally by 1.5% in April 2016 compared to the same period last year, Statistics South Africa’s most recent retail trade data showed.

Retailers in pharmaceutical products and medical goods, cosmetics and toiletries recorded the biggest increase of 8% year-on-year. In second place were hardware, paint and glass products, which climbed by 5.4%, followed by food, beverages and tobacco in specialised stores by 3.1%.

However, in the three months ended April 2016, retail trade sales fell by 0.5% in comparison with the previous three months.

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