The books, newspapers and stationery segment of retail sales saw an increase in January 2011 of 4.9% in value terms and 2.7% in volume terms when compared with December 2010.
However, the newly released Central Statistics Office data on retail sales in January (PDF) 2011 shows that retail sales the sector were down 2.4% in value when compared to January 2010 while in volume terms the figure was down 2.4%.
The results for the segment suggest that the downward pressure shown in last December’s figures has alleviated considerably in January but Torlach Denihan at Retail Ireland said in a statement that ‘last year was the third year in a row in which the value of core retail sales fell and the cumulative decline is now over 20%. The sector needs urgent action from the incoming government. While prices have been cut to the bone, the cost of running a shop has not fallen.’
Overall the Books, Newspapers and Stationery segment now stands at 78.2% of the 2005 value and 70.7% of the 2005 volume.


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