ONS figures confirm 'tentative' retail recovery - ToyNews

ONS figures confirm 'tentative' retail recovery

Latest figures follow report that High Street footfall has risen while shopping centres continue footfall decline
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Good weather and promotional activity is helping bring vitality back to the High Street, claims ONS figures confirming an increase in the retail sector.

The total value of sales growth reported by the ONS was four per cent in June compared with 3.7 per cent one year ago.

The figures confirm the British Retail Consortium's own figures, released July 9th, which showed a total growth of 2.9 per cent.

"This offers further evidence that tentative signs of a consumer-led recovery are beginning to take hold," said BRC director general Helen Dickinson.

"Although there are wide variations in individual retailers' fortunes and on-going volatility from week to week, it's good news that the ONS figures confirm cautious optimism as they reflect the results of the BRC's Retail Sales Monitor earlier in July.

"Promotional activity has been strong and customers can find some great deals in the shops at the moment. As the good weather continues across the country, retailers will be hopeful that customers continue to take advantage of the offers that are available."

The latest figures follow reports that High Street footfall has experienced a slight increase of 0.1 per cent in June compared to one year ago.

Meanwhile, the footfall trend in shopping centre locations continues its downturn, falling three per cent from a 1.7 per cent decline in May.

"The UK High street was busier in June, and BRC figures show that footfall has increased as we have seen shoppers take advantage of the good promotions available. The improvement in the weather may well have contributed to this," added Dickinson.

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