June sales growth surpasses expectations
Month sees “strongest growth in 18 months”.
By Christina Williams
17 July 2015
A strong finish to June ensured that sales were “the strongest in 18 months”, according to new data released by the BRC-Nielsen Shop Price Index. UK retail sales increased by 1.8 per cent in direct comparison with June last year, representing the strongest growth since January 2014.
“The retail industry performed strongly last month, experiencing the best overall sales growth for some time,” says director general at the British Retail Consortium Helen Dickinson. “Fashion sales were up, but this was likely helped by several retailers entering summer sales a little earlier this year. We also saw welcome signs of growing consumer confidence, with people more willing to trade up, and spend a bit more on big-ticket purchases.”
The BRC also went on to praise some of the measures outlined by Chancellor George Osborne in last week’s Budget – namely the freeze and fuel duty and increase in personal tax allowance – which will ensure that consumers have more income to spend going forward.
"Wages have now outpaced inflation for eight consecutive months,” says Joanne Denney-Finch, chief executive at retail analyst IGD. “Although around a quarter – 26 per cent – of shoppers still expect their personal finances to deteriorate over the next 12 months, this is a big improvement on the 47 per cent predicting the same in June 2012. With deflation also easing, there are various reasons to believe that retail sales might have turned a corner.”
Today the London retailer launched beauty and kidswear categories online and in-store.
Rachel Riley on her eponymous childrenswear label.
Children’s swimwear brand extends retail offering to online retailer, Farfetch.
CWB Independent Retail Awards 2015, Best New Store.
Fifty free copies of the new SDEA Retail Display Directory up for grabs to CWB readers.
Eighties revival theme for this year’s Schoolwear Association fundraising evening.
New look for Mini Moda and show’s earlier dateline welcomed by children’s footwear buyers.
Childrenswear label Mischka Aoki introduces a playful take on luxury with new Little Miss Aoki line.
Childrenswear brand launches separate spring and summer collections.
This year’s awards kick off with a new Best Baby Store category.
Potwells Trading agrees distribution deal with functional soft toy brand, BoBo Buddies.
Brand unveils three children’s charities to be supported as part of its new Little Clothes BIG Change project.
Interiors brand launches range of coordinating home textiles.