Essential reading for retailers and suppliers in the home improvement market

Household goods LfL sales volume rises 5.1% in May...

Published: 21 June 2012
...And the sector saw the largest year-on-year growth in internet sales out of all other retail categories, tying in with a recent report showing more and more people are looking to the internet for their home improvement purchases.
Household goods LfL sales volume rises 5.1% in May...
The Office for National Statistics' retail bulletin for the month showed all retail sales values increased by 3.3% in May 2012 compared with May 2011, with volumes up 2.4%.

For household goods, the 5.1% sales volume increase was the largest its been since January 2011 when it went up by 6.9%. The value of sales rose by 3.9% over the same period, also the largest increase seen since January 2011. Average prices in this sector were estimated to show deflation of 0.5%.

The ONS estimated the average weekly household goods sales were £0.6bn, of this 5.7% of sales (£33.2m) were made via the internet.

Retailers in the predominantly non-food sector saw sales volumes increase by 3.3% and value up by 2.6%. Non-specialised stores, meanwhile saw a volumes boost of 11.3% - the highest since January 2000. A contributor to this increase was an estimated fall in prices of 2% between May 2011 and 2012. Retailers reportedly said that increased sales were due to store promotions.

The value of non-specialised stores' sales rose by 9.3%, with the average weekly sale for May estimated at £0.5bn. Of this 7% were made via the internet.

The total amount spent in the retail sector between 29 April 2012 and 26 May 2012 is estimated at £26.4 billion, non-seasonally adjusted, up from £26.0 billion in April 2012 and £25.6 billion in May 2011. This equates to an average weekly spend of £6.6 billion in May 2012.

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