Heatwave slows retail sales but World Cup boosts online shopping

Heatwave and online shopping drive up retail sales in Great Britain

Hot weather and World Cup fever help defy analyst expectations of decline, with sales volumes up 1% in June Online sales accounted for the highest level of retail sales in five years last month as record hot weather spurred a rush for air conditioning, outdoor products and clothing. The Office for National Statistics (ONS) said the volume of retail sales in Great Britain grew 1% month on month in June, as the hot weather and a World Cup retail rush defied analyst expectations of a 0.3% decline. Continue reading...

Heatwave slows retail sales but World Cup boosts online shopping

June’s scorching heat slowed retail sales, but Brits opted to shop from home instead, sending online sales soaring.  Total retail sales in the UK slowed from 3.7 per cent in May to 1.9 per cent in June year on year, in line with this year’s average growth rate, according to the British Retail Consortium (BRC). [...]