June sales not as bad as expected

Wednesday, 13 July 2011
June's retail sales sales fell only slightly, showing signs of recovery in time for the Christmas season. Retail like-for-like sales fell 0.6% year-on-year during June but increased 1.5% in total, helped by the early launch of Sales.

All categories with the exception of women’s clothing and footwear recorded some improvement the BRC-KPMG Retail Sales Monitor showed.

BRC director-general Stephen Robertson said: “Given June’s spate of shop closure announcements and weak company results, these figures are not as bad as they could have been but it shows just how tough times are when total sales growth of 1.5 per cent is regarded as not that bad.

“The higher VAT rate is making the year-on-year comparison look better than it really is, while retailers are coping with higher costs because of increased utility bills, rates and the burden of regulation.

“Underlying conditions are still tough but being masked by a minor revival in non-food sales driven by price cuts and clearance events starting earlier this year.

“The modest sales improvement has been concentrated on less expensive things - home textiles and accessories - rather than big-ticket items.”

Sales over the internet, phone and by mail order rose 11.5% year-on-year during June.

Image: Sale
 

Bookmark or Share

| More

Related News