July retail sales rise 1.8% on year

| August 11, 2009 | 0 Comments

There are further suggestions of a recovery today after the British Retail Consortium (BRC) reported a rise in retail sales for the month of July.

According to the BRC, UK-wide like-for-like sales (which excludes new store openings) grew by 1.8% during the month compared with July 2008.

The wetter weather in the second half of the month lifted demand for furniture and homeware goods with sales of furniture and homewares experiencing their biggest year-on-year rise in three years during the month, said the BRC.

Stephen Robertson, BRC director general, said: “There are some signs that people are using holidays to improve their homes rather than spending on going away.”

However, the BRC warned that “rising unemployment and job loss fears will continue to hold back the widespread return of consumer confidence for some time yet.”

Meanwhile, clothing and food sales continued to grow in July, while sales via the internet and mail order were up 20% compared with a year ago, benefiting from discounting.

Today’s figures from the BRC are likely to fuel hopes the UK is close to emerging from recession.

Tags: , , , ,

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Leave a Reply

Visited 1235 times, 1 so far today