UK retail sales experienced a modest increase of 0.5% year-on-year (YoY) in July, a slight deceleration from the 1.5% growth seen in the same month of 2023, as reported by the British Retail Consortium (BRC) and KPMG Retail Sales Monitor.
Total retail sales in the UK of 0.2% in June 2024. The gold standard of business intelligence.
The latest figure surpassed the three-month average growth of 0.3% but fell short of the 1.4% 12-month average growth.
Food sales saw a 2.6% increase over the three months to July 2024, a significant drop from the 8.4% growth in July of the previous year and below the 12-month average growth of 5.
3%. Despite this, food sales were up YoY for July. However, non-food sales declined by 1.
7% over the three months to July, compared to a 0.5% decrease in July 2023. Access the most comprehensive Company Profiles on the market, powered by GlobalData.
Save hours of research. Gain competitive edge. Your download email will arrive shortly We are confident about the unique quality of our Company Profiles.
However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form This performance was better than the 12-month average decline of 1.8%. Non-food sales continued to struggle, with in-store sales dropping by 2.
7% year-on-year (YoY), a steeper decline than the 12-month average of 1.7%. Online non-food sales, however, saw a 0.
3% increase YoY in July, aligning with the three-mo.