Published on July 14th, 2015 | by The GC Team0
June retail sales record 18-month high
Retail sales performed strongly in June, experiencing the best overall sales growth in eighteen months, excluding Easter distortions, albeit on the back of a weak June last year.
According to the BRC-KPMG Retail Sales Monitor, food sales grew for the seventh month in a row, while June also brought a boost for the non-food categories, with furniture doing particularly well.
Sales increased 1.8% on a like-for-like basis and 2.9% on a total basis. This compares with a 12-month average of 1.6%.
Online sales of non-food products grew 17.6% in June versus a year earlier, when they had increased by 10.6%. The non-food online penetration rate was 18.4%, up from 16.9% in June 2014.
Helen Dickinson, Director General, British Retail Consortium, said: “We saw welcome signs of growing consumer confidence, with people more willing to trade-up and spend a bit more on big-ticket purchases, likely boosted by the growth in the supply of credit and other factors such as low inflation and rising real incomes.
“Some of the measures outlined by the Chancellor in last week’s budget are likely to help boost consumer confidence even further, with measures like the continued freeze in fuel duty and the increased personal tax allowance ensuring consumers have more money in their pockets to spend.”