{$inpagemarkup}

Search News

Results: 181-190 of 703


“AI has the potential to revolutionise the way retailers operate,” says Theo Paphitis

28 Jun 2023

Former Dragon Theo Paphitis has predicted retail will be revolutionised by AI technology.
Read more…

The Association of Convenience Stores publish their Crime Report of 2023

23 Jun 2023

The report estimates that there were over 1.1m incidents of theft reported last year. The most commonly stolen items as reported by retailers are meat, alcohol and confectionery –... Read more…

How fine food retail can be part of the solution to ultra-processed food

19 Jun 2023

Scientists and researchers have compelling data, showing ultra-processed food could be responsible for several health conditions – a recent piece in Speciality Food Magazine set out to... Read more…

PayPoint launches digital shopper marketing platform

19 Jun 2023

Retailers will be able to drive customer spend, digital media use, push new product development and increase sales and distribution, claims PayPoint, following the launch of a new digital... Read more…

High streets of the future will need to think beyond retail, says new report

19 Jun 2023

Just 42% of people in the UK rate their local high street as good or very good, according to the latest Legal & General Rebuilding Britain Index.
Read more…

Stellar line-up for Independent Bookshop Week

19 Jun 2023

A stellar line-up of authors have been taking part in this week’s Independent Bookshop Week 2023 with the likes of Ann Cleeves, AJ Pearce, Danielle Brown, poet laureate Simon Armitage and... Read more…

Bira calls for level playing field as Amazon UK Services pays zero corporation tax again

8 Jun 2023

Bira, the British Independent Retailers Association, has expressed its concern and frustration after it was revealed that Amazon UK Services had, for the second consecutive year, paid zero... Read more…

Bank holidays fail to boost retail sales in May

7 Jun 2023

The three bank holiday weekends in May failed to boost UK retail sales, with growth slowing in May according to new industry data.
Read more…

Retailers need to rise to challenge of keeping the high street is relevant

7 Jun 2023

New data shows that the public is craving a change to their local high street in order to continue visiting it, with nearly half of those surveyed believing that high streets are no longer... Read more…

Retailers urged to prepare for ban on selling single use plastic

5 Jun 2023

The government has published guidance to help businesses prepare for the ban on single-use plastics which is due to come into force in October.
Read more…

Back to news menu

Bank holidays fail to boost retail sales in May

Posted on in Business News

The three bank holiday weekends in May failed to boost UK retail sales, with growth slowing in May according to new industry data.

Bank Holiday Logo

The latest BRC-KPMG Retail Sales Monitor reports total retail sales rising by 3.9% in May, or by 3.7% on an underlying basis, an improvement on May 2022, when retail sales fell by 1.1% and 1.5% on an underlying basis.

But the growth was below the three-month average and well below April, when sales rose by 5.1% or by 5.2% on a like-for-like basis. Food sales increased by 9.8% in May on a like-for-like basis, while non-food sales nudged up just 0.5%.

British Retail Consortium chief executive Helen Dickinson said: “The trio of bank holidays failed to get shoppers spending, as sales growth slowed to its lowest level in six months.

“While food sales got a boost from the coronation weekend, this was not sustained for the rest of the month.

“With consumer confidence still recovering from record delays, and continued tightening of household incomes, we are unlikely to see substantial sales growth in the coming months.”

KPMG UK head of retail Paul Martin added that retailers “will be hoping that inflation levels in the wider economy continue to move in the right direction in order to boost much-needed consumer confidence.”

“The wild card for the retail sector remains uncontrollable food inflation, which shows little sign of coming down in the near future and is having a significant knock-on effect on non-essential spending,” Martin said.

Back to news menu

Useful links

If you have any other queries please contact us.