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Economy

UK retail sales jump 13.1% in June

According to the latest BRC-KPMG retail sales monitor, UK retail sales rose by 17% from June 2019 on a like-for-like basis

Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor.

On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%.

In the nation’s high street stores, sales were up by 10%, while online sales dropped by 7% following the reopening of the economy.

Paul Martin, UK head of retail at KPMG, said: “Retail sales growth continued in June, albeit at a slower rate as the re-opening of hospitality and leisure sectors led to a dilution in consumer spending.

“The fight for share of wallet is underway, as consumers unleash pent up demand for social activities as restrictions in the UK continue to unwind.”

He added: “Retailers are facing challenges on a number of fronts, particularly convincing consumers that it’s safe to shop in store as restrictions around mask wearing and social distancing come to an end.

“With travel now looking to be back on the agenda for summer and Government COVID-19 support packages slowly coming to an end, retailers will be hoping that the feel good factor from Euro 2020 and lifting of Covid-19 restrictions will give the high street the summer boost it needs.”

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