July Retail Sales See Modest Rise Boosted by Euros and Summer Discounts
England's performance in the Euro 2024 and seasonal promotions drive a 0.5% increase in retail sales, despite mixed results across sectors.
- Department stores and sports equipment shops reported strong sales due to football fever and discounts.
- Non-food store sales increased by 1.4%, with department stores seeing a 4% rise.
- Clothing, footwear, and homeware stores experienced declines in sales volumes.
- Food store sales remained flat for the month.
- Consumer confidence shows signs of recovery as inflation stabilizes and interest rate cuts take effect.