UK retail sales rise in best month since January

UK retail sales rose across all sectors in October, which was the best-performing month since January.

On a total basis, sales rose 2.4%, against a 0.9% increase in October 2015 and ahead of the three-month and 12-month averages of 1.1%, according to BRC – KPMG Retail Sales Monitor.

Over the three-months to October, non-food retail sales in the UK rose 0.6% on a like-for-like basis. This represents a pick-up versus September but remains below the 12-month total average growth of 1.4%.

Story continues below

BRC chief executive Helen Dickinson said: “October’s figures paint a more positive picture of retail sales, with an increase of 2.4% on the previous year and reaching well beyond the three-month average of 1.1 per cent. There was a more balanced contribution from all product categories, nearly all of which saw a degree of sales growth.

“Notably, fashion saw a reversal of recent fortunes, as new seasonal ranges drew shoppers in and boosted sales. This was compounded by international shoppers’ spending, which has soared since July as tourists take advantage of the weak pound to buy luxury goods at bargain prices.

“It is clear from today’s figures, that despite the inflationary pressure that’s gradually building in the supply chain, retailers are currently effectively managing the additional cost burdens and continue to entice their customers with great choice and value.”



Related posts