- UK Retail sales rise by 0.7%
- Online spending reaches record high
- World Cup and Sunshine boost sales
UK Retail sales increased by 0.7%, following June’s fall of 0.5%, according to the latest figures from the Office for National Statistics (ONS), beating market expectations of a 0.2% gain.
In the three months to July 2018, sales rose by 2.1%, including a strong monthly growth of 1.4% in May 2018.
World Cup and Sunshine boost sales
Commenting on today’s retail sales figures, ONS senior statistician, Rhian Murphy said:
“Many consumers stayed away from some high street stores in July, but online sales were very strong, supported by several retailers launching promotions. Food sales remained robust as people continued to enjoy the World Cup and the sunshine.”
Online sales reach new record
Online sales, as a total of all retailing, reached a new high of 18.2%, with department stores continuing to show strong online sales on the year, with an increase of 35.0%.
The continued growth in online sales comes at a critical times for the high street with a number of high profile retailers such as Homebase and House of Fraser suffering financial difficulties this year.