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Discounts fail to lift clothing spend in June

Big summer discounts and strong consumer spending failed to lift clothing sales in June, according to a consortium of retail bodies.

Visa’s monthly index, released July 13, shows that expenditure in June rose 1.4% year-on-year, rounding off the strongest quarter for consumer spending in five years. However, overall clothing and footwear retailers saw a 0.9% decline in expenditure.

This was added to by data published today (July 14) by the British Retail Consortium and KPMG, which shows sales on the high street enjoyed their highest rise in 18 months in June.

They also noted that clothing sales in June remained “below expectations” despite total retail sales being up 2.9% against the same period last year, with like-for-likes up 1.8%

Both sets of data show online spending experienced a sharp increase up 6.6% year-on-year according to Visa and 17.6% for non-food according to the BRC and KPMG.

@LukeToddUK

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