Underlying growth increases in June
Sales volume in the three months April to June increased by 0.7 per cent when compared to the previous three months. Three-monthly growth increased by 1.6 per cent for predominantly food stores while predominantly non-food stores decreased by 0.1 per cent. Within predominantly non-food stores, the largest increase was in non-specialised stores at 3.4 per cent, which continued to show positive growth, while the largest decrease was other stores at 1.9 per cent.
Non-store retailing and repair increased by 2.3 per cent. The volume of retail sales in June was 2.9 per cent higher than in June 2008. Predominantly food stores increased by 2.6 per cent compared to the same period a year ago. Predominantly non-food stores increased by 2.4 per cent. Within predominantly non-food stores, the largest increase was in textile, clothing and footwear stores at 11.3 per cent, which was driven by clothing stores. While the largest decrease within predominantly non-food was household goods stores at 5.0 per cent, which was driven by furniture and hardware stores. Non-store retailing and repair increased by 10.1 per cent.
Between May and June, total sales volume increased by 1.2 per cent. Predominantly food stores increased by 0.7 per cent. Predominantly non-food stores increased by 1.6 per cent. Within predominantly non-food stores, the largest increase was textile, clothing and footwear stores at 4.7 per cent, where the clothing sector drove the increase. Household good stores decreased by 0.7 per cent, which was driven by electrical goods and hardware stores.
The seasonally adjusted value of retail sales for the three months to June was 1.4 per cent higher than the same period a year earlier and June 2009 was 2.5 per cent higher than in June 2008.
Commenting on the Office of National Statistics (ONS) retail sales figures for June 2009, published today, Richard Lowe, Head of Retail and Wholesale, Barclays Commercial Bank said:
"It is increasingly apparent that declining retail sales have arrested. June's figures indicate a healthy increase month on month, and after a poor performance this time last year 2009's summer figures are looking more encouraging.
"The sunny weather and seasonal sales have shone a little light on the clothing sector as figures reflect consumers taste to dress for the new season. Retailers who demonstrated pessimism in profit forecasts are now revaluating their positions in light of stronger than expected sales and gross profit margins.
"Keeping control over stock and using the lessons learned over the course of this economic cycle will define the most successful businesses over the second half of 2009. When the summer sales are over, new lines and products will be needed to create sustainable trading levels. Longer term, many retailers will now be hoping for a particularly cold winter to match the summer boost."
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