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Industry News

Published on June 9th, 2015 | by The GC Team

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May weather dampens retail sales

Unseasonably cool weather and low food prices left like-for-like retail sales flat during May, according to industry figures.

The BRC today said like-for-like sales were unchanged from a year ago but total sales were up 1.1% as a buoyant housing market helped to lift sales of furniture and homewares.

David McCorquodale, Head of Retail at KPMG, said: “With Easter distortions behind us, May’s retail sales figures were disappointingly flat.”

Many retailers stretched out summer sales events and deepened discounts in order to try and entice consumers through the door, McCorquodale said.

“Looking ahead, June may be a tough month of comparables for some with the start of the 2014 World Cup in June last year boosting sales in certain areas,” he added.

Online sales of non-food products rose 9.9% in May versus a year earlier and contributed 1.4 percentage points to the growth of total non-food sales during the month.

Helen Dickinson, Director General of the British Retail Consortium, said online has contributed more to non-food sales growth over the last 12 months than bricks & mortar stores. Growth in May was boosted by big-ticket items such as furniture and domestic appliances.

 

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