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Financial News: UK Like-For-Like Sales Growth Weakens: BRC

UK Like-For-Like Sales Growth Weakens: BRC

08/07/2018 - 01:30:00 (RTTNews)

(RTTNews) - UK like-for-like sales grew only slightly in July as hot weather weighed on demand for non-food products, data from the British Retail Consortium and KPMG showed Tuesday.

Like-for-like sales climbed 0.5 percent year-on-year in July. At the same time, total sales advanced 1.6 percent.

Data showed that 3-month average retail sales advanced 2.7 percent. Food sales grew 4.5 percent and non-food sales gained 1.2 percent.

"Unsurprisingly, food & drink fuelled the majority of sales growth thanks to summer BBQs, picnics and football festivities, whilst elsewhere growth was mainly witnessed among the holiday essential categories, including health & beauty, deck chairs and fashion," Paul Martin, Head of Retail, KPMG, said.

"This was particularly true when comparing the high street to online, with the latter faring considerably better," Martin said.

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