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Trade News Archive June 08 May 08 April 08 March 08 February 08 January 08
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10th June 2008
Retail sales recover in May
Retail sales in the UK recovered somewhat in May, the latest figures have shown.
The British Retail Consortium's (BRC) monthly data showed that sales values rose 1.9 per cent in May on a like-for-like basis when compared to the month in 2007.
Over March and April, sales had slipped at their fastest rate since the spring of 2005.
According to the BRC, some sunny days this May boosted sales growth. Despite this, it noted that furniture and larger homeware figures remained subdued, with many retailers continuing to offer discounts and promotions.
Stephen Robertson, director general of the BRC, commented: "After several mostly miserable months, warm sunny weather finally arrived in early May and helped lift customers' gloom.
"Significantly, clothing sales saw year-on-year growth for the first time since last August, while sales of footwear, outdoor leisure and gardening goods also rose. But we are not out of the woods yet."
Helen Dickinson, head of retail at KPMG, added: "Promotional activity across all sectors was the order of the day and, as the weekly performance deteriorated as the month progressed, along with the weather, there will be few hailing May's results as the benchmark for the coming months. The pressures on consumer retail spending continue."
(c) 2008 Adfero Ltd.
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