DIYWEEK.net

 

May sees welcome uptake in retail footfall

Published: 13 June 2016
Retail footfall increased by 0.3% year-on-year for the month of May, a significant improvement on April's 2.4% decline, according to the British Retail Consortium.
May sees welcome uptake in retail footfall
High street footfall rose by 1.2% compared to the 4.7% decline in April. The results for May were the best since July 2013. Retail park footfall increased by 1.2%, while shopping centre footfall fell by 2.1%.

Said BRC chief executive Helen Dickinson: "Today's figures bring better news for the UK's retailers. After two months of flat sales May saw growth of 1.4 per cent. While still not spectacular, it is in line with the 12-month average of 1.5 per cent.

"Clothing made a big comeback this month after suffering declines in April. This appears to be due to consumers waiting for just the right moment before embarking on their pre-summer spending.

"However, with signs that the UK's economy is slowing it's unlikely that this is the beginning of a complete reversal of fortunes. The uncertain outlook means that customers will remain cautious with their spending, therefore we expect sales figures to remain volatile for the time being.

"While this month's pick-up in sales will come as a welcome relief, it's still a challenging time for retailers. Shop price deflation continues and intensity of competition is fierce. Controlling costs and improving efficiency and productivity will be crucial for retailers as they continue to navigate increasingly tough trading conditions."

KPMG head of retail David McCorquodale added: "Overall, retail sales showed some improvement in the month, up 1.4% in total versus May last year. Despite rain dampening the May Day mood, fashion sales finally lifted following a tough three months of trading for retailers. The appearance of some spring sunshine encouraged consumers to hit the sales and take advantage of early summer promotions.

"The standout category, however, was children's footwear, and children's clothing also saw a boost as parents kitted out the kids for the warmer weather and half term holidays. Mild relief also continued for the Grocers with total food and drink sales remaining positive in the month.

"With a summer of sport kicking off in June and festival season getting underway, retailers will be hoping that the feel good factor coupled with a dose of summer sunshine will keep the tills ringing over the summer months."

Comments


(Your email address will not be published)
6 + 8 =  
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

http://www.diyweek.net/may-sees-welcome-uptake-in-retail-footfall