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Good weather boosts retail sales 9 July 2013

UK retail sales have grown 1.4% on a like-for-like basis from June 2012, where they had increased 1.4% on the preceding year.

According to the latest BRC-KPMG Retail Sales Monitor report, total sales grew 2.9% against a 3.5% increase in June 2012.

Helen Dickinson, director general, British Retail Consortium, said: “Despite challenging economic conditions continuing, June saw another strong performance from the UK’s retailers, with very respectable overall growth across the categories.

“At this halfway point in the year we are able to see that sales are well ahead of the previous six month period, confirming that the retail recovery is continuing.”

Total sales growth of 2.9% is just ahead of the year-to-date average of 2.8% and better than the 12-month-average of 2.4%, confirming this year’s pick-up. In real terms, growth was 2.3% over the last six months against 1.5% over the last twelve.

Clothing and footwear sales were the best performing category, boosted by increasingly warmer weather and sales promotions, accompanied by demand for value.

David McCorquodale, head of retail at KPMG, said: “This is another respectable performance by UK retailers. Sales are moving in the right direction, albeit hard-earned and promotion driven. The statistics are all the more creditable as last year’s sales included a Jubilee boost.????

“Periods of sunshine helped to lift the gloom on the high street and retailers celebrated another month of rising sales.

“Sales of fashion and footwear particularly benefited from the change in seasons as shoppers refreshed their wardrobe and got ready to enjoy the warmer weather. These figures certainly underline the impact that weather can have on a retailer’s performance.????”

 

 

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