Search News

Results: 1-10 of 1002


Start again

9 Jul 2024

Following Labour’s general election win, the retail industry has stressed the need for a business rates overhaul to protect high streets across the country.

9 Jul 2024

Following Labour’s landslide Election victory, Bira, the British Independent Retailers Association, has urged the new government to make good on its promise of change by prioritising the...

9 Jul 2024

A much-loved toy shop in Aberystwyth that was facing closure has been saved after the former shopkeeper's daughter decided to take over the reins.

9 Jul 2024

A family-owner retailer in Inverness, Begg Shoes, has been named Best Independent Footwear Retailer at the 2024 Drapers Footwear Awards, held annually to celebrate the outstanding achievements...

9 Jul 2024

A man who offers "pay-as-you-feel" haircuts has been named the UK's best barber.

8 Jul 2024

Become a Luchos Distributor - Deal Directly

24 Jun 2024

The Times has just published its list of the seven best shopping streets in the UK.

24 Jun 2024

An independent retail village in Ely that celebrates its one-year anniversary this month has won the Hospitality Hero Velvet Award for 2024.

24 Jun 2024

With less than three weeks to go until the General Election, Bira has produced a simple table comparing manifestos for Labour, Conservatives, Liberal Democrats, Green Party and Reform UK, and...

24 Jun 2024

With the annual Independents’ Day weekend coming up on July 6th and 7th, independent retailers have been reinforcing the message that supporting independent shops boosts...

Back to news menu

Bira responds to KPMG Retail Sales Monitor report

Posted on in Business News

The British Independent Retailers Association (Bira) has responded to the BRC-KPMG Retail Sales Monitor for May 2024.

Contectless

The report, which can be downloaded here, has highlighted:

  • UK Total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. This was above the 3-month average growth of 0.3% and below the 12-month average growth of 2.0%.
     
  • Food sales increased 3.6% year on year over the three months to May, against a growth of 9.6% in May 2023. This is below the 12-month average growth of 6.4%. For the month of May, Food was in growth year-on-year.
     
  • Non-Food sales decreased 2.4% year on year over the three-months to May, against a growth of 0.7% in May 2023. This is steeper than the 12-month average decline of 1.7%. For the month of May, Non-Food was in decline year-on-year.
     
  • In-store Non-Food sales over the three months to May decreased 2.7% year on year, against a growth of 2.9% in May 2023. This is below the 12-month average decline of 1.1%.
     
  • Online Non-Food sales increased by 1.5% year on year in May, against an average decline of 3.0% in May 2023. This was above the 3-month and 12-month average declines of 1.8% and 2.6% respectively.
     
  • The online penetration rate (the proportion of Non-Food items bought online) increased to 36.7% in May from 35.9% in May 2023. This was slightly higher than the 12-month average of 36.1%

Bira CEO Andrew Goodacre said: "These latest retail figures showcase the challenging landscape facing Britain's high streets. While some sectors have fared better than others, the overall results are disappointing. Life on the high street remains an uphill battle.

"The priorities for the incoming government must be economic growth and reviving consumer confidence. Our high streets are the lifeblood of local communities across the nation, fostering vibrancy and pride. However, this treasured institution is at a precarious point, battered by fragile economic conditions and wavering consumer sentiment.

"Small and independent retailers are particularly vulnerable, operating on slimmer margins. A failure to stimulate consumer spending and nurture an environment conducive to entrepreneurship could devastate many beloved local businesses. Robust policies are urgently needed to revitalise our high streets - the cornerstones of our towns and cities. By prioritising their revival, we safeguard livelihoods and preserve the very soul of our communities for generations to come," he added.

Back to news menu

Useful links

If you have any other queries please contact us.