Updated
Updated · The Guardian · Jul 24
UK Online Retail Hits 5-Year High as June Sales Rise 1% in Record Heat
Updated
Updated · The Guardian · Jul 24

UK Online Retail Hits 5-Year High as June Sales Rise 1% in Record Heat

3 articles · Updated · The Guardian · Jul 24

Summary

  • Online sales took their biggest share of Great Britain’s retail spending since spring 2021 in June, as record heat lifted demand for air conditioners, outdoor goods and clothing.
  • ONS data showed total retail sales volume rose 1% month on month and 4.2% year on year, far above forecasts for a 0.3% monthly fall and 2.3% annual growth, with World Cup spending also helping.
  • Non-store retailers led the gains with sales up 4.4% in June, while clothing and footwear rose 1.9%; department stores fell 1.7% after May’s fan-and-paddling-pool boost, and household goods slipped 0.6%.
  • Two hot months helped retail sales grow 0.6% over the three months to June versus the previous quarter, reversing some weakness after April’s revised 0.7% fall.
  • Retailers still face risks from a higher energy price cap, elevated interest rates and Middle East-driven inflation, while July data may show how consumers react to Burnham’s cost-of-living policies.

Insights

With the World Cup over, can the UK's retail boom survive the end of summer?
UK shoppers are spending freely, so why is business confidence at a four-year low?