UK retail sales plunge in June across most sectors after May rebound

Following 2.9% rise in May

Sorin Dojan
clock • 1 min read

UK retail sales volumes dropped by 1.2% in June across most sectors, with department stores taking a particular hit.

According to data from the Office for National Statistics, the fall in sales volumes followed a 2.9% rise in May. Non-food stores sales volumes fell by 2.1% in June 2024, after 3.3% growth in May. The decline was led by poor figures in the department stores and clothing retailers sectors, with their sales volumes dropping by 3.4% and 1.6%, respectively, and returning to levels seen in the first quarter of this year. Retailers argued this came on the back of election uncertainty, along with poor weather and low footfall. Falling UK wage growth boosts chances of August rate cut Fo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Tech firm Sundae Bar applies for AIM listing
UK

Tech firm Sundae Bar applies for AIM listing

Conditional fundraise of £2m

Beth Brearley
clock 29 May 2025 • 1 min read
Premier Miton AUM hit by market turbulence
UK

Premier Miton AUM hit by market turbulence

£10.4bn as of 22 May 2025

Beth Brearley
clock 29 May 2025 • 2 min read
Most UK CEOs have altered investment strategies amid global trade war uncertainty
UK

Most UK CEOs have altered investment strategies amid global trade war uncertainty

25% have halted plans

Sorin Dojan
clock 27 May 2025 • 1 min read
Trustpilot
Loading page