Retail enjoys busiest weeks of the year in June - PC Retail

Retail enjoys busiest weeks of the year in June

Retail footfall grew by 7.9 per cent month-on-month, but dropped 5.4 per cent over 2012.
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Retailers experienced two of the three busiest weeks of the year so far last month, in terms of footfall.

Footfall to UK non-food stores grew by 7.9 per cent in June over May, according to Ipsos Retail Performance. But footfall dipped 5.4 per cent year-on-year.

Dr Tim Denison from Ipsos Retail Performance said: “June contained two of the three busiest weeks of the year so far thanks to the arrival of summer weather and the start of the sales. Slowly but surely we are seeing consumer confidence improve, which is now beginning to filter through to the High Street.

"Positive GDP growth in Q1 and talk of improved growth over Q2 certainly adds to a sense of cautious optimism and a belief that we are moving up a gear. Confidence will grow progressively, if we continue to see stability in key data sets.”

In June, just as many people thought that the economy will improve over the next year as those that thought it will get worse. This is the most positive rating since July 2010.

Retail footfall in June was also strongest in London and the South East. There the Retail Traffic Index (RTI) registered a 10.6 per cent gain on May and a year-on-year deficit of 3.0 per cent. Ipsos said June performances in the northern parts of the UK were "particularly strong" compared to recent months.

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