Tag: Retail

Retail sales rise despite fewer High Street visits

Image copyright Getty Images Retail sales rose again in July, but shops are still trying to make up lost ground, industry body figures suggest. They show the number of visits to High Streets is still down significantly as people shop online instead. The British Retail Consortium (BRC) said some retailers continue to struggle due to the coronavirus crisis, and it… Read more →

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Retail sales continue to bounce back in June

Image copyright Getty Images UK retail sales continued their bounce back in June, as the reopening of shops released pent-up demand. The amount of goods sold last month increased by 13.9%, said the Office for National Statistics (ONS). The rise followed record falls in April and a partial recovery in May as the coronavirus pandemic led to widespread shop closures… Read more →

US retail sales in record monthly rebound

Image copyright Getty Images American shoppers returned in force in May, fuelling a record 17.7% monthly gain in retail spending after the lockdown triggered devastating declines in the previous months. The rebound only partially made up for the losses, leaving spending down about 6% year-on-year. And some sectors, such as clothing stores, have seen far steeper declines. Still, the increase… Read more →

Coronavirus: May ‘another month of struggle for retail’

Image copyright Getty Images May was another tough month for retail as coronavirus lockdown measures continued, a trade body says. Total UK sales fell by 5.9% compared with the previous year, dragged down by temporary shop closures, the British Retail Consortium (BRC) said. Online sales growth rose fifteenfold to 60.2%, but failed to offset this drop. Separately, Barclaycard figures suggested… Read more →

Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus

Image copyright Getty Images Chinese e-commerce giant Alibaba said it has seen a “steady recovery” in the country since March, but warned that the path to an economic rebound remains uncertain. The firm’s sales grew 22% in the three months to 31 March, despite virus-related restrictions denting activity. The gain was stronger than expected, driven by demand for groceries, electronics… Read more →