June sunshine lights up UK high street sales

High-street.jpg

It has been revealed that the UK’s high street has just had its best June in six years.

UK retailers saw June’s overall like-for-like trading grow by 1.3%, BDO’s High Street Sales Tracker reports.

The growth was off a negative base of -3.6% for the same month last year, but after four months with no growth, this might offer a ray of sunshine to UK jewellery retailers.

Story continues below
Advertisement

Notably, Fashion sales, which includes clothes, footwear and accessories, grew by 1.4% year-on-year as shoppers turned to update their wardrobes for the June heatwave.

Like-for-like sales of lifestyle goods increased by 1.2%, benefitting from strong tourist numbers and Father’s Day.

Non-store sales dipped during the hot weather before rallying at the end of the month to record like-for-like growth of 22.2% for the month overall.

Sophie Michael, head of retail and wholesale at BDO LLP, warned that the growth delivered in June should be considered in the context of a dismal June 2016 result for all categories.

“Retailers are often criticised for attributing poor results to unseasonal weather, but perhaps the positive impact delivered by June’s sunshine demonstrates that weather influences the consumers’ appetite for shopping,” shares Michael.

She adds: “This time last year the EU Referendum outcome led to reluctance by consumers to spend, making it the high street’s worst June in a decade.  This June, consumers were distracted by a General Election, but that didn’t stop them heading to the shops when the sun came out. Retailers will take heart from consumers’ willingness to spend, but there is evidence shoppers are delving into their savings which is clearly not a sustainable position.”

Authors

*

Related posts

Top