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Fashion drags down retail sales in June

UK retail sales fell by 0.5% in June on a like-for-like basis compared to the previous year, driven by a decline in fashion sales, according to the British Retail Consortium and KPMG Retail Sales Monitor.

But Helen Dickinson, chief executive of the BRC, said it is too soon to assess the impact of Brexit on retail sales.

“The month outturn was predominantly driven by a decline in sales in the fashion categories and isn’t a surprise given that June 2015 saw record growth in clothing and footwear,” she said.

“Looking across the last three months, food has held its ground with a better performance than non-food sales, which has seen its lowest growth since April 2012, largely due to fashion combined with a slowdown in furniture.”

“With May sunshine a distant memory, summer wardrobes remained bare as sales of women’s fashion and footwear plummeted following one of the wettest and dullest starts to a UK summer since records began,” added David McCorquodale, head of retail at KPMG.

“While the ramifications from the Brexit vote may well affect consumer confidence, retailers will be hoping the long-promised heatwave and potential stay at home holidays will be enough to drive shoppers back to the high-streets over the months ahead.”

 

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