Posted 10th August

Furniture sales ‘forgotten’ in July, says BRC

By KBBDaily on 10th August 2018 - 07:00am
money matters, brc, british retail consortium, kpmg, retail, sales, monitor, furniture, non-food, household, appliance, kbb, kbbdaily

The latest British Retail Consortium – BRC – KPMG Retail Sales Monitor has reported a 0.5% like-for-like increase in UK retail sales in July, with household appliances seeing a jump in performance while furniture sales dropped.

Over the three months to July, non-food retail sales increased by 0.2% on a like-for-like basis, marking a 2.4% like-for-like decline in in-store sales as well as a 7.5% increase in online sales of non-food products, which is a downturn from the 8.3% online sales growth seen in July last year.

“Total sales growth slowed as the heat laid bare the underlying weakness in consumer spending,” said BRC CEO Helen Dickinson.

“Sales of non-food products struggled – three months into an extended period of summer weather, demand for many seasonal purchases has slowed while the heat has kept shoppers away from days spent browsing new ranges. For many in the industry, Autumn could not come sooner.”

Dickinson added: “Although the weather generates a shift in month-to-month spending, trend growth remains very low by historical standards. Physical stores have been particularly affected by pressures on consumers while costs borne by retailers have continued to rise.

“Although changing consumer behaviour means we will have fewer shops in future, the reality is that if we want to support a positive reinvention of our high streets, business rates cannot go on increasing.”


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