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Retail growth slow in July as wet weather dampens expectations

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Retail sales growth slowed in July, with wet weather partially offsetting an easing of lockdown measures, new figures from the British Retail Consortium (BRC) show.

On a total basis, sales increased by 6.4% in July, against a growth of 3.2% in July 2020.

This is below the three-month average growth of 14.7% and the 12-month average growth of 10.4%. On a two-year basis, total retail sales grew by 9.1%.

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Helen Dickinson, chief executive of British Retail Consortium (BRC) said: “July continued to see strong sales, although growth has started to slow. The lifting of restrictions did not bring the anticipated in-store boost, with the wet weather leaving consumers reluctant to visit shopping destinations.”

The vacancy rate across retail is also on the rise, as many high street shops continue to be battered by the pandemic.

Dickinson added: “Unfortunately, the current broken business rates system continues to hold back retailers, hindering vital investment into retail innovation and the blended physical-digital retail offering.

“The Government must ensure the upcoming business rates review permanently reduces the cost burden to sustainable levels. Retailers want to play their part in building back a better future for local communities, and Government must give them the tools to do so.”

Tags : British Retail Consortiumretail sales
Sarah Clarke

The author Sarah Clarke

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