Since the start of the year we have been as busy as ever working on a range of projects for a wide range of worldwide brands. But, as you know, we are not only concentrated on our current projects, we also have a passion for our craft and like to keep up to date with the latest events and trends from across the industry.
At times of economic uncertainty and negative news, like the present, good news stands out and that is exactly the case for the retail display industry, which is seeing a rise in sales. The Shop and Display Equipment Association (SDEA) recently carried out a survey across all of their members, looking to get a thorough understanding of the state of the market and their members’ sentiment, and the results were extremely positive! They reported that 64% of their respondents reported an increase in sales over the last six months; with the average of those reporting a 17% rise in their sales – truly impressive figures.
Antony Behiels, director of the SDEA, said: “Despite a rise in supplier prices, which has been well reported since the devaluation of Sterling and Brexit, the industry remains relatively buoyant. He went on to state that of the 76 per cent of members that recorded a supplier price increase, averaging a 5 per cent hike, over half are not looking to pass this on to their customers – testimony to the strength of the retail display industry.” We are delighted to see such positive figures coming out of the industry, as our nations shop fitters continue to go from strength to strength.