Popular now
Debenhams sublets US warehouse to cut costs

Debenhams sublets US warehouse to cut costs

Virgin Wines downgrades profit forecast as inflation hits margins

Virgin Wines downgrades profit forecast as inflation hits margins

Whole Foods Market opens new grocery store in St James

Whole Foods Market opens new grocery store in St James

Retail sales volumes recover slightly in July

Retail sales volumes recover slightly in July

On this episode of Talking Shop we are joined by Phil James, founder and Creative Director of the contemporary heritage clothing brand &SONS. Phil began his career behind the lens as a commercial advertising photographer, working with global brands to hone a distinct visual language. But in 2016, he decided to step out from behind the camera to build a brand of his own.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Retail sales volumes increased by 3.6% in July when compared with June, according to new data from the ONS.

The figure is also 3% above pre-pandemic levels in February 2020. During the month the volume of food store sales and non-store retailing remained at high sales levels, despite monthly contractions in these sectors at negative 3.1% and 2.1% respectively.

The ONS said clothing store sales were the worst hit during the pandemic and volume sales in July remained 25.7% lower than February, even with a July 2020 monthly increase of 11.9% in this sector.

Online retail sales also fell by 7% during the period when compared with June, but the strong growth experienced over the pandemic has meant that sales are still 50.4% higher than February’s pre-pandemic levels.

The ONS said: “When compared with the previous three months, a stronger rate of growth is seen in the three months to July, at 5.1% and 6.1% for value and volume sales respectively. This was following eight consecutive months of decline in the three-month on three-month growth rate.

“The only measure to show a decline is the three months to July when compared with the same three months a year earlier, with a fall of 5.3% for value sales and a fall of 4.1% for volume sales.”

Previous Post
Estée Lauder to axe up to 2,000 jobs

Estée Lauder to axe up to 2,000 jobs

Next Post
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda

Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda