CBI’s figures show increased retail sales in the month of July, as Britons responded to warmer temperatures by spending on summer clothes and food for the barbecue.
Among retailers questioned, 46% reported higher sales compared to July last year, with 51% saying they expect sales volumes to grow further next month, according to data collected by business organisation CBI.
Grocery, clothing, footwear and specialised food and drink are the sectors that saw the bigger growth, but also furniture and hardware and DIY did well.
Around 32% of shops increased their stocks following expectations of rising demand, at the highest level since November 1984.
Commenting on the figures, Barry Williams, chair of the CBI Distributive Trades Survey Panel and Asda SVP and Chief Merchandising Officer for Food, said, “As the temperature began to rise, it seems so did sales volumes. Almost all sectors saw growth, with grocers and clothing stores telling us they performed particularly well as people bought barbeque supplies and summer outfits.
“Retailers expect an even faster rise in sales volumes next month, and are stocking up in anticipation of growing demand.”
Richard Lowe, head of retail and wholesale at Barclays, also said that the summer helped boosted sales.
“Consumers are still spending, with the intermittent bursts of sunshine helping to boost the fashion sector as Brits look to update their summer wardrobes”, he said.
“Retailers are bringing in extra stock in the hope that the good weather remains as it’s clearly putting a spring in shoppers’ steps.”
The UK experienced some summer storms over the past days, but warm, dry and sunny weather has followed with most of the country now enjoying the summer.
Photo: Christian Schnettelker via flickr
British heatwave responsible for up to 760 deaths, say researchers
Met Office bumps up heatwave warning to amber for southern regions
Study: Australia will see more extreme weather because of climate change
Environment Agency: climate change means we need to adapt to extreme weather
UK summer storms to be followed by 30C heat and sunny weather
Like our Facebook Page
How Cities In Canada Are Addressing Climate Change
10 Tax Incentives for Businesses That are Lowering their Carbon Footprint
How to Manage Anxieties About Climate Change
Green Brands Must Understand Their Customers to Market Wisely
Key Necessities for Starting an Eco-Friendly Freelance Business
6 Ways To Overcome Cash Flow Challenges as a Green Business
Going Cashless Lowers Our Carbon Footprint and Has Other Pros and Cons
How to Be as Eco-Friendly as Possible on a Trip to New York
Why Brazed Plate Heat Exchangers Are Eco-Friendly
6 Steps For Making Crypto & Blockchain Eco-Friendly
Building a Career in Green Construction: Tips and Insights
Top 5 Benefits of Workplace Sustainability
The Role of Smart Technology in Managing EV Charging Stations
4 USA Vacation Destinations for an Eco-Friendly Trip
6 Wastewater Management Tips to Reduce Water Pollution
Why Internet Faxing Is A Sustainable Business Move
5 Ways Eco-Friendly Employers Can Boost Efficiency
What to Look for When Choosing an Eco-Friendly Locksmith
Flexible Return Policies Can Make Retail More Sustainable
Using Green Patents to Drive Sustainability & Eco-Friendly Designs
- Environment3 months ago
6 Home Improvements You Can Make to Help the Environment
- Environment10 months ago
4 Countries That Have Banned Single-Use Plastic
- Features9 months ago
5 Huge Support Tips for Eco-friendly eCommerce Brands
- Environment7 months ago
How to Ensure Your Home’s Eco-Friendly During Construction?