UK retail improved by warm weather, says BRC
14 Jul 2015
The British Retail Consortium (BRC) has reported that high street sales in June grew at the fastest rate in the past two years.
Total spending was up 2.9% in June, the highest levels since January 2014. The BRC adjusts data to account for anomalies such as the timing of Easter.
Like-for-like sales – accounting for changes in floorspace usage – increased 1.8%.
Director General of the BRC, Helen Dickinson, 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’.
Online sales also saw a dramatic increase, growing 17.6% on the same month in 2014, with ecommerce making up 18.4% of retail sales in the UK.
Ms Dickinson added: ‘As ever, websites are popular during the sales, providing greater clarity of stock availability for some consumers. For retailers, online is an increasingly useful tool to reach customers selectively and showcase their offer’.