NEWS

Outdoor toys add to UK sales growth for June

Published on: 14th July 2015

According to a report from The Guardian, British retail sales saw some of its strongest annual growth in the past two years last month, boosted by warm weather and an early start to summer sales.

BRC-wordpressThe British Retail Consortium said total spending in June was 2.9% up on the year, the strongest month since January 2014 if distortions due to the timing of Easter are stripped out of the data, which is not seasonally adjusted.

Among the categories singled out, the BRC suggested that the figures were boosted by a jump in sales of outdoor toys in the last week of June, when the weather was unusually warm.

Sales on a like-for-like basis, which adjusts for changes in floorspace and is preferred by stores and equity analysts, were up by 1.8%. This was also the highest non-Easter reading since January 2014.

Helen Dickinson, BRC director general, said: “We saw welcome signs of growing consumer confidence, with people more willing to trade-up and spend a bit more on big-ticket purchases, likely boosted by the growth in the supply of credit and other factors such as low inflation and rising real incomes.”

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