Published on July 23rd, 2021 | by The GC Team0
ONS latest retail figures
The Office for National Statistics (ONS) has published its latest figures on retail in the UK, covering the period between May and June 2021, and reports that in June 2021, retail sales volumes increased by 0.5% when compared with May 2021 and were 9.5% higher than in February 2020, before the impact of Covid.
The monthly increase between May and June 2021, says the ONS, “was driven by food stores, whose sales increased by 4.2% between May and June, with anecdotal evidence suggesting these increased sales may be linked to the start of the Euro 2020 football championship.”
Conversely, non-food stores reported a fall of 1.7% in monthly sales volumes, their first fall on the month since January 2021. This was driven by in part by “strong falls in household goods stores (negative 10.9%).”
John Federman, CEO at experiential relationship management (XRM) firm JRNI, commented: “Today’s ONS results from June aren’t a big surprise. What will be more interesting will be how the High Street copes with events in July, including weather extremes, as well as supply and staffing shortages caused by the nation’s pingdemic. Retailers that rely too heavily on physical channels as their main source of revenue are likely to suffer this summer season. Those that have embraced omnichannel models, such as remote appointments or kerbside pick-ups, will be able to maintain continuity for customers even when individual stores have to close.”