Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

UK retailers report strong May sales after lockdown ends

Published 06/07/2021, 07:16 PM
Updated 06/07/2021, 07:20 PM
© Reuters. FILE PHOTO: People shop in the Selfridges department store on Oxford street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls

LONDON (Reuters) - British retailers reported a big boost in sales in May, after lockdown measures ended the month before and a relaxation of COVID restrictions on hospitality drew more shoppers into town centres, industry data showed on Tuesday.

The British Retail Consortium said total sales among its members, who include supermarkets and high-street chains, were 10.0% higher last month than in May two years ago.

This was the biggest increase in sales compared with 2019 for any month since the start of the pandemic.

"The rain in May failed to dampen consumer demand and shoppers continued to return to the high street," Paul Martin, head of retail at survey sponsor KPMG, said.

Compared with May 2020, when most non-food retailers were shut due to lockdown restrictions, total sales were 28.4% higher.

Clothes, shoes and furniture saw especially strong gains in sales, the BRC said, benefiting from shoppers being able to view goods in person since non-essential retailers were allowed to reopen in April after months of closure.

Relaxed restrictions on socialising also encouraged shoppers to buy new summer clothes.

Payment processor Barclaycard, which sees almost half of credit and debit card transactions, said consumer spending was 7.6% higher than in May two years ago.

Pubs and restaurants were able to serve customers indoors from May 17, though only at reduced capacity.

Barclaycard said spending at restaurants last month was still 54% below its level two years ago, while spending at pubs and bars was 19% lower. But this was an improvement from April when sales were down 74% and 67% respectively.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Foreign travel remains highly restricted. Spending with airlines was 74% lower than in May 2019, little better than April.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.