UK retail sales in May posted the highest growth since January 2014 as the warm weather and royal wedding lifted spirits and tempted Brits back into stores. According to the latest figures from the British Retail Consortium (BRC), like-for-like sales increased by 2.8% year on year in May, up from a 4.2% dip in the…
UK retailers hit by lowest non-food sales growth since records began
Non-food retailers have recorded their worst sales performance since records began, the British Retail Consortium reveals. As consumers opt for outdoor experience over visits to the shops, in-store sales of non-food items rose just 0.2% in October. This is the weakest growth recorded since the BRC began measuring the category in January 2011. Online sales…
Roller-coaster year tied off by a modest retail performance
UK retail sales as a whole enjoyed an average increase of 2.8% in the fourth quarter after a difficult year for jewellery retailers. But non-food sales, including items such as jewellery, rose only 1.1% on a like-for-like basis. This is in line with the 12-month total average growth of 1.3% – the lowest non-food 12-month…
Retail growth will stagnate overall in 2017, RTT predicts
Political uncertainty fuelled by Brexit, events in Europe and a new US President, mean retail growth in Britain will stagnate in 2017 according to the KPMG/Ipsos Retail Think Tank (RTT). The RTT members predict that in the current political environment and with UK consumer price inflation set to rise to 2.5 – 3% next year,…
Black Friday drives record-breaking online sales
Online sales of non-food products in the UK grew by 10.9% last month versus November last year where they increased 11.8%, driven in no small part by Black Friday trading. In November, online sales represented 27.6% of total non-food sales in the UK, against 25.3% in November 2015. This is the highest non-food penetration rate…
BRC reports jewellery sales growth in May 2016
The British Retail Consortium (BRC) and KPMG Retail Sales Monitor for May 2016 reports a growth in jewellery and watch sales versus last year, however it is the lowest since November. The category has remained in fourth position in the rankings on a 12-month basis. Helen Dickinson OBE, chief executive of the BRC, comments: “Today’s…
April jewellery sales slow down but remain in growth
Total jewellery sales for the four weeks covering April 3- April 30 slowed down but remained in growth for 2016. According to the BRC-KPMG Retail Sales Monitor, the jewellery and watches category was up against a strong comparable in April 2015, when it had been the best performing category. Despite like-for-like sales being down, total sales…
Helen Dickinson: “Online channels played vital role in driving February sales”
As digital innovations become synonymous with the landscape of business in 2016, figures across online platforms continue to drive sales across retail. Chief executive of the British Retail Consortium, Helen Dickinson OBE, comments: “Online channels once again played a vital role in driving retail sales in February. Compared with the same month last year, we saw…
UK retail sales slow in November says BRC
The latest figures from the British Retail Consortium (BRC) show overall retail sales decreased 0.4% on a like-for-like basis from November 2014, when they had increased 0.9% from the preceding year. On a total basis, sales were up 0.7%, against a 2.2% rise in November 2014. Adjusted for the BRC-Nielsen Shop Price Index deflation, total…
Online retail sales enjoy double-digit growth in September
Online retail sales returned to double-digit growth in September, banishing the disappointment of a sluggish end to the summer. After a weak August left a damaging mark on internet sales, September saw a 12% increase on the same period last year, according to the latest figures from the IMRG Capgemini e-Retail Sales Index. The…
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