Essential reading for retailers and suppliers in the home improvement market

BRC: May sales rose with temperature

Published: 7 June 2012
Retail sales values were up by 1.3% in May 2012 compared with May 2011, when the LfL figure was down 2.1% on the previous year.
According to the BRC-KPMG retail sales monitor, sales were up by 3.4% on a total basis this year compared with a 0.3% decline in May 2011. While the reported highlight sales of food and clothing, online sales of non-food items were up by an optimistic 12.4% against growth of 10.4% last year.

The report cast a less cheerful light on homewares retailers, which bosses at KPMG said "found the going much tougher" than food and clothing retailers. Big-ticket items continued to struggle, due to consumers' continued underlying caution about jobs and the economy.

BRC director general Stephen Roberston said: "As the relentlessly difficult underlying conditions continue to make trading tough for retailers, any temporary boost is of even greater importance and retailers had plenty of reason to celebrate the eventual arrival of summer at the end of May. Much of the month's positive performance can be attributed to spending in the final week when consumers responded enthusiastically to the sun coming out.

"It's likely the prolonged wet period helped create pent-up demand and people also felt more relaxed about their spending as the sun created a feel good boost."

KPMG head of retail Helen Dickinson said: "Retailers are hoping that the Jubilee celebrations will have helped to pull out them of the mire, but a short-term patriotic spending spree will not overcome the underlying difficulties facing the industry - which remains under pressure from a combination of declining consumer confidence and squeezed incomes.

"After a dismal April, May was a much better month and many retailers will be breathing a small sigh of relief. Businesses in the home-related sectors, where good weather runs counter to strong performance, found the going much tougher. Those not selling big-ticket home-related items are hoping the sun stays out all summer long."

Comments


(Your email address will not be published)
5 + 3 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories