UK high street sees pickup in sales in May

clock

Britain's high street saw a marked improvement in sales volumes in May, according to the British Retail Consortium and KPMG's Retail Sales Monitor.

It shows that total UK retail sales values rose 3% year on year in May, compared to a 0.8% increase year on year in May, on a like for like basis, which strips out the effect of extra floor space. In April total sales fell 0.2%, while like for like sales were down 2.3% year on year. Food sales returned to growth after a fall in April, while the hot weather provided a boost to clothing, footwear, DIY and leisure, and homewares to a degree. However, the BRC reports that sales of big ticket items struggled as consumers remained uncertain about job security and income prospects. Non-food ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

China slaps additional 84% tariff on US goods

China slaps additional 84% tariff on US goods

Latest move in the trade war

Linus Uhlig
clock 09 April 2025 • 1 min read
Attention turns to Bank of England with calls for rate cuts amid tariff chaos

Attention turns to Bank of England with calls for rate cuts amid tariff chaos

Next meeting 8 May

Linus Uhlig
clock 09 April 2025 • 3 min read
ONS urged to improve quality of survey data amid 'widespread concern'

ONS urged to improve quality of survey data amid 'widespread concern'

Concern about LFS reliability

Linus Uhlig
clock 08 April 2025 • 3 min read
Trustpilot