UK economic recovery shatters predictions: High street retail sales soar 9.2%

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.

As lockdown restrictions eased and non-essential shops reopened the amount of money spent in stores saw the phenomenal month on month rise.

Brits abandoned online shopping to make the most of their renewed freedoms and spent their stocked up savings on the high street.

Clothing stores saw the sharpest month-on-month growth, with sales up 69.4 percent, with fuel sales rising 10.6 percent compared to March.

Figures from the Office of National Statistics also indicate compared to April 2020, during the first national lockdown, sales were up by 43 percent.

In further positive news for the UK economy, the sales were also up compared to their pre-pandemic levels.

Total retail sales for both the amount spent and quantity bought were up 9.9 percent and 10.6 percent respectively compared to February 2020, the last full months before the UK entered its first national lockdown.

Helen Dickinson, chief executive of the British Retail Consortium, said: “Pent-up demand built up during lockdown continues to be released as the reopening of non-essential retail offered the public a welcomed opportunity to visit many of their favourite shop.

“Improved weather during April meant greater sales of fashion, particularly in outerwear and knitwear, as the public renewed their wardrobe and made plans to meet friends and family outdoors.

“Online sales also continued to perform strongly, rewarding those retailers who had invested in their online and delivery operations during the pandemic.”

More to follow…

Source: Read Full Article