The BRC-KPMG Retail Sales Monitor is a monthly measure of the sector’s UK performance, based on data shared with the British Retail Consortium by its members. The index was initially set up by the BRC as a way for retailers to benchmark their performance against that of the wider industry, but it has evolved to become a vital measure not only of the health of British retail, but of the wider UK economy. Retail sales growth was hampered throughout most of 2020 and early 2021 by the coronavirus crisis, as government imposed lockdown measures prevented non-essential retailers from opening physical stores.
Retail sales slumped in June to levels not seen since the depths of the pandemic.
Retail sales fell last month as consumers’ disposable income came under increased pressure, signalling an end to the post-pandemic boom enjoyed by some retailers.
Retail sales have been battered as the spiralling cost of living has “crushed consumer confidence” and reversed the green shoots of retail’s post-Covid recovery.
Retail sales were battered in March as consumer confidence waned in light of rising inflation.
Retail sales increased in February as categories such as furniture, homewares, fashion and jewellery recorded strong growth over the month.
Retail sales rose in January despite ongoing consumer uncertainty due to rising inflation, as well as higher energy and transport prices.
UK retail enjoyed a hugely successful Christmas sales period in December, giving the sector a much-needed boost heading into a new year still clouded by uncertainty.
Black Friday provided a much-needed boost to retail sales during November as customers returned to stores in the run-up to Christmas.
Retail sales showed green shoots of recovery in October as customers gear up for the Christmas season.
Retail sales growth in September slowed as fuel shortages, supply chain issues and poor weather conditions impacted consumer confidence.
Retail sales climbed in August driven by strong formalwear sales as customers returned to the office and socialising.
Retail sales rose in July despite poor weather conditions dampening growth rates following the lifting of coronavirus restrictions.
UK retail sales for the second quarter of the year saw the best growth on record, with retailers enjoying a boost from Euro 2020.
Retail sales grew in May at their strongest rate since the coronavirus pandemic hit the UK last March as the reopening of hospitality venues boosted footfall and spend.
Retail sales increased last month as shoppers flocked back to bricks-and-mortar stores following reopening on April 12.
Retail sales climbed in March, but many categories remained in decline as grocery powered the increase.
Retail sales returned to growth in February having shrunk in January but the BRC warned that many retailers were worried about getting through to the provisional April 12 reopening date.
Retail sales growth slowed in November as tighter government restrictions forced shoppers online.
Retail sales recorded a year-on-year uplift in October, which British Retail Consortium (BRC) boss Helen Dickinson says demonstrated many retailers “finding their footing” prior to the second lockdown.
The ongoing coronavirus pandemic has upended almost every part of society and few sectors have been more challenged than retail. Retail Week looks at some of the Covid-driven changes that will outlast even the virus.