Furniture sales suffered a slowdown as UK retail sales experienced a slower growth in June, despite like-for-like sales declining 0.5% on last month.
According to the latest BRC-KPMG Retail Sales Monitor for June 2016, total retail sales rose by 0.2%, against a 2.9% increase in June 2015.
On a three-month basis, total non-food sales rose 0.3%, the lowest since April 2012. This takes the 12-month average to 2.1%, its lowest level since June 2013, while total UK retail sales rose 0.5%, and 1.2% on a 12-month average basis. This is the lowest 12-month average since May 2009.
Continuing on a three-month basis, Furniture recorded its lowest average since February 2015, although retailers noticed ‘unexpectedly’ good demand for the last week of the month, with beds attracting most success, while fitted furniture ‘struggled’.
David McCorquodale, head of retail, KPMG, said: “Overall retail figures decelerated in June, with sales down 0.5% on a like-for-like basis. As consumer attention shifted indoors to escape autumnal downpours, furniture and home accessories bounced back in the month, with bigger ticket items proving relatively resilient in the days immediately following the EU referendum.”