Retailers hopeful for summer sales

Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, Chief Executive of the British Retail Consortium, said:

“Despite households still feeling the squeeze from the high cost of living, sales growth improved in April. Nonetheless, consumers continued to adjust their spending patterns, looking for lower price alternatives on many key products, leading to falling sales volumes. Electrical goods performed particularly poorly, while books and stationary saw a uplift due to Spring promotions and consumers starting to purchase their summer reads.

“Sales should improve further as we enter the summer months, especially with inflation starting to ease and consumer confidence slowly stabilising. Government must ensure it does not sabotage this momentum by adding cost pressures onto retailers from new policies, as these will mainly serve to push prices back up for people up and down the country.”