Posted Tuesday

Home improvement and furniture sales suffer in May

By KBBDaily on 12th June 2018 - 07:00am
Money Matters

The latest British Retail Consortium – BRC – KPMG Retail Sales Monitor has found that while the non-food sector experienced its best month since January 2016 in May, large purchases such as furniture and home improvement items suffered.

Non-food retail sales saw a like-for-like decline 1.4% over the three months to May, making it the best performance the sector has seen on a monthly basis since January 2016, while online sales of non-food products grew by 11.9% last month.

“Retail sales in May saw their highest growth since January 2014 as better weather and the bank holiday effect led shoppers to buy from garden furniture and summer fashion ranges; recovering some of the ground lost in April,” said BRC CEO Helen Dickinson.

However, KPMG UK retail head Paul Martin noted that “the picture was less favourable in the larger discretionary categories such as home improvement and furniture”.

“Despite this more positive set of sales results, the retail environment remains extremely challenging, with trend growth still very low by historical standards,” added Dickinson. “Retailers remain focused on investing in new and exciting shopping experiences for the future as margins remain tight and the competition fierce.”

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