Summer Spell Boosts UK Retail Sales

Posted on 25 June, 2012 by MOVEHUT

The recent hot weather has given a boost to UK retail sales, according to the Office for National Statistics (ONS). This was a welcome relief from soggy April after sales dropped by 2.3 per cent. But with three weeks of rain forecast, will consumers be avoiding commercial properties in June in a bid to keep dry?

A 1.2 per cent rise in monthly retail sales was predicted but May topped this with a sales increase of 1.4 per cent, mainly helped by “The end of weeks of relentless rain and the build-up to the Jubilee,” according to Stephen Robertson, Director General at the British Retail Consortium (BRC).

Steven added: “The seemingly shy sunshine, hardly seen since March, had created pent-up demand for summer goods which was finally unleashed.

“Modest sales of coats and carpets gave way to much better sales of T-shirts and barbecues as interest finally turned outdoors.”

So it seems that the hot weather does entice people out of their homes and into retail commercial properties. But with June set to be similar to April and another wet month, are sales figures set to fall again? Bryan Roberts from Kantar Retail, is not so pessimistic: “I’m pretty optimistic based on these latest figures that things are getting better.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants