The internet is becoming ever-more important as a channel for retail sales, according to the latest data.
Accountancy and business advisory firm BDO’s High Street Sales Tracker shows that web and non-store sales increased by 54 per cent year-on-year in May, helping retailers grow sales by 5.4 per cent over the month.
Fashion like-for-like sales rose by 5.3 per cent over the course of May, while non-fashion trading increased by 2.7 per cent and homeware like-for-like sales leaped up by 14.9 per cent.
Head of Retail at BDO Don Williams commented: “These results are very encouraging, even if we compare them to weak figures a year ago.
“They suggest that consumers are still willing to spend at the moment despite looming tax increases and spending cuts.”
In contrast to the positive news reported by BDO, the Confederation of British Industry’s (CBI) Quarterly Distributive Trades Survey indicated that May was a tough month for retailers.
Although 30 per cent of retailers experienced a rise in sales volumes, 48 per cent experienced a trading slump during the first couple of weeks of the month. The CBI attributed the figures to poor weather and slow momentum in the housing market.