Retail sales slip in May
Non-food non-store sales continue to outperform other sectors, as retail sales take a hit in May.
The British Retail Consortium (BRC) has announced a slip in UK retail sales as it published its latest Retail Sales Monitor for May.
The monthly report published alongside KPMG, provides the most up-to-date reflection of recent retail performance.
The report showed that like-for-like retail sales values fell 0.8% compared to May 2008, when sales rose following very good weather.
Helen Dickinson, Head of Retail, KPMG, commented: “These figures may look disappointing after last month’s positive results were flattered by the timing of Easter, but extremely challenging market conditions – particularly for non-food sectors – continue.
“It remains to be seen when those who have cash to spare will feel confident to start spending again.”
Following a strong performance for the food sector in April, this also saw a slight dip, though it continues to remain one of the most stable areas, as retailers provide tempting offers and variety. According to research from IGD, food data analysts, 28% of shoppers have changed their grocery shopping habits during the current difficulties, and “most say they will not change back, regardless of economic recovery,” commented Joanne Denney-Finch, Chief Executive of IGD.
Consistent with previous monthly results, it was non-food non-store sales (internet, mail-order and phone sales), which showed a resounding performance, up 7.6% compared to a year ago.
