Hot summer weather buoys retail sales as inflation pressure continues
2 years, 4 months ago

Hot summer weather buoys retail sales as inflation pressure continues

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Demand for summer clothing and picnic food during the hot weather helped sales at retailers rebound last month, according to new figures. However, with inflation at over 9%, many retailers are still contending with falling sales volumes during what remains an incredibly difficult trading period Helen Dickinson, British Retail Consortium The volume of products sold during the month declined as price rises continued to weigh on customers. Helen Dickinson, chief executive of the British Retail Consortium, said: “Sales improved in July as the heatwave boosted sales of hot weather essentials. “However, with inflation at over 9%, many retailers are still contending with falling sales volumes during what remains an incredibly difficult trading period.” The monitor also showed that retailers saw food sales increase by 2.3% over the three months to July amid rampant inflation.

History of this topic

Retail sales rise in August despite hit to consumer confidence
3 months ago
Retail sales boost cools as consumers spend on entertainment
3 years, 4 months ago

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