Published on September 5th, 2017 | by The GC Team0
Retail sales receive autumn lift
The run up to autumn and the prospect of a new school term provided a welcome pickup in retail sales during August.
Like-for-like sales increased by 1.3% on August last year, while total sales grew 2.4% against a decline of 0.3%, which translated into the poorest performance of 2016.
“Despite the ongoing challenges for the industry, retailers achieved reasonable growth in August, which is positive news for the industry. Even non-food categories experienced an uptick – a welcome relief given the poor performance recently,” said Don Williams, Retail Partner at KPMG.
Over the three months to August, like-for-like sales of non-food products increased 0.6% and total sales rose 0.9%, above the 12-month total average growth of 0.6%.
Chief Executive of the British Retail Consortium Helen Dickinson noted, however, that non-food sales have only just recovered to the levels seen two years ago, after a dismal August in 2016.
Online sales of non-food products grew 11.0%, above both the 3-month and 12-month averages of 9.8% and 8.8% respectively, while the penetration rate increased from 21.0% in August 2016 to 21.6%.
In the 3-month timeframe, in-store sales declined 1.4% on a total basis and 1.9% like-for-like.