REUTERS/Toby Melville Even with the July rebound there’s a long way to go before the output lost to the pandemic is regained.”The ONS said retail sales last month had edged closer to pre-lockdown levels, falling by 0.6% compared with February when all shops were still open. The survey of 61 retail chains showed they expect a slightly weaker performance in August.
Retail Sales YoY in the United Kingdom averaged 2.38 percent from 1997 until 2020, reaching an all time high of 9 percent in April of 2002 and a record low of -22.70 percent in April of 2020. UK retail sales were near pre-lockdown levels in June, as the reopening of shops released pent-up demand. Reporting by Andy Bruce, editing by David Milliken and Timothy HeritageFILE PHOTO: A woman walks past a sale sign on a branch of H&M on Oxford Street in London, Britain, January 17, 2020. Across the high street, the ONS said sales in non-food stores remained about a third below pre-pandemic levels.The figures come amid intense pressure for retailers, as growing numbers of high street chains announce job cuts and store closures, including Footfall in local shopping hotspots has not increased as much as hoped, despite the reopening of hospitality and leisure venues earlier this month.
However, despite the boom elsewhere, many shops continued to struggle from low demand. UK retail sales bounced back in July after “non-essential” shops were reopened, according to a closely watched gauge that hit its highest level since April last year. In contrast, food stores and non-store retailing were the only sectors to show growth, with food stores seeing the strongest growth on record, at 10.4 percent. The UK remains on course for a deep recession, or two successive quarters of negative growth, after GDP fell by 2.2% in January to March. Retail Sales MoM
The index rose further in July from the all-time low of 13.6 in April, climbing from 48.5 in June to 54.8.This was the first reading above 50.0 since February and indicated the largest monthly gain in output since June 2018.Coronavirus: beauty salons and casinos among businesses hit by last-minute changePartnership also plans to close some supermarkets and sell own-label food at other retailersChange in classification, to be backdated to 1 April, prompts dispute between unions and operatorsMove towards online shopping sounds death knell for catalogue once found in three-quarters of UK homes Frustrated companies fume at Boris Johnson's England lockdown U-turnJohn Lewis may turn surplus stores into affordable homesONS says UK rail has effectively been renationalised during pandemicArgos to stop printing catalogue after almost 50 yearsEurozone economy shrinks by record 12.1% due to coronavirusNext expects to remain in profit as sales partially recoverHigh street gloom eases as UK shops report brisker tradeBritish Airways owner IAG to raise €2.75bn after record loss All rights reserved. UK retail sales.
LONDON (Reuters) - A gauge of British retail sales surged in July to its highest level in over a year as more of the economy reopened following the coronavirus lockdown, driven mostly by grocery sales, a survey showed on Tuesday. “This crisis has created winners and losers within the retail sector and for some businesses the picture remains bleak,” Newton-Smith said.
Retail sales rebounded strongly in June as non-essential shops reopened, taking sales back to pre-pandemic levels. Consumer spending recovers near pre-pandemic levels but UK still on course for recessionHopes of a rapid recovery in Britain’s economy from the coronavirus lockdown have been boosted by a summer rebound in retail sales and the strongest monthly growth in business activity for five years.The release of pent-up demand helped the IHS Markit flash UK composite purchasing managers’ index (PMI) to reach 57.1 in July – a 61-month high – Despite the pick-up raising hopes for a quick escape from the Covid-19 recession, economists said consumer spending remained weak in several areas and warned growth could falter later in the year as job losses begin to mount. List of the best sales on now from major UK retailers both online and on the high street.
Andy Bruce. Grab big discounts by …
© 2020 Guardian News & Media Limited or its affiliated companies. Latest release Retail sales, Great Britain : June 2020 Released: 24 July 2020 Retail sales, Great Britain : May 2020
Non-food stores provided the largest positive contribution, aided by a 42 percent increase in household goods sales like hardware, paints and glass.
Retail Sales MoM
Retail sales in the UK jumped 12% mom in May, the most on record, beating market forecasts of a 5.7% gain and recovering from a record 18% plunge in the previous month. The Retail Sales Index (RSI) measures the value and volume of retail sales in Great Britain on a monthly basis.
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