London retail sales rise 1.6%
London Retail sales rose 1.6% on a like-for-like basis in May. This was the weakest growth in London this year but it was held back by tough comparatives and milder weather.
Footfall in London in May fell 0.4% according to Synovate Retail Performance but the capital continued to outperform the UK as a whole - like-for-like retail sales across the country were down 0.8%in May, according to the British Retail Consortium.
“It’s no surprise this May’s sales growth was weaker than last year’s, which greatly benefited from the dramatic improvement in the weather.”
Stephen Robertson, director general, British Retail Consortium
The BRC added that the favourable exchange rate continued to draw in tourists to the capital, particularly from Western Europe, but that those tourists were spending less.
BRC director general Stephen Robertson said: “It’s no surprise this May’s sales growth was weaker than last year’s, which greatly benefited from the dramatic improvement in the weather. Despite this, London retailers outperformed the rest of the UK by a wide margin. And consumer confidence held up better in the capital than other parts of the UK.”
Robertson added: “The sunny days boosted sales of clothing, footwear and outdoor living, but not as strongly as compared to last May - which was sunnier.”