BRC reports best July sales since 2006 - ToyNews

BRC reports best July sales since 2006

UK retail sales values up 2.2 per cent on a like for like basis from July 2012.
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The British Retail Consortium has reported the best July sales since 2006.

UK retail sales values were up 2.2 per cent on a like for like basis from July 2012, when they had increased 01. per cent on the preceding year. On a total basis, the sales were up 3.9 per cent, against a 2.0 per cent increase in July 2012, the fastest July growth since 2006.

In real terms, total growth was 4.4 per cent, the fastest since April 2011.

"This is a very solid sales performance, the second best month this year and better than we've seen in any July since 2006," said Helen Dickinson, director general at the BRC. "It has been driven by the warm weather and retailers working hard to offer deep discounts and great offers to their customers, with the reduction in shop prices we reported for July translating into more generous spending in UK stores.

"While we know that the picture is still variable and the High Street in particular continues to face considerable challenges, these positive results will be welcomed in town centres around the country that depend so much on retailers performing well."

David McCorquodale, head of retail at KPMG, added: "July was a golden month for retail sales and marks a return to form for British retailers. Hopefully this uptick in sales is another indication that the UK economy has turned the corner towards growth."

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Summer sales increase

UK Retail sales rose 1.8 per cent in value on a like-for-like basis in July 2009 and up 2.6 per cent on a total basis according to the British Retail Consortium.

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