pills

Retail DECODED

Previous edition: 08 May 2024
Share article

Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now

UK retail sales drop 4% in April 2024 amid poor weather

The decline contrasts with the 5.1% growth seen in April 2023 and falls below the three-month average growth of 0.5%.

UK retail sales decreased 4% year-on-year (YoY) in April 2024, according to the British Retail Consortium (BRC).  

This downturn contrasts with the 5.1% growth in the same month of 2023 and falls below both the three-month average growth of 0.5% and the 12-month average growth of 2.2%. 

The BRC's data covers the four weeks from 31 March to 27 April 2024. It also reveals that food sales saw a 4.4% increase over the three months to April 2024, as compared to a 9.8% growth over the three months to April 2023.  

This figure is below the 12-month average of 6.7%.  

Non-food sales in the UK declined by 2.8% YoY over the three months to April 2024, compared with a growth of 1.2% in April 2023. 

In-store non-food sales decreased by 2.4% YoY over the three months to April, a downturn from the 3.9% growth in April 2023 and below the 12-month average decline of 0.7%.  

In April 2024, online non-food sales fell by 5.5% YoY, compared to a fall of 3.6% in April 2023 - a steeper decline than the 3.5% seen over three months and the 3% seen over 12 months. 

The online penetration rate for non-food items increased slightly to 36.2% in April 2024 from 36.1% in April 2023, marginally above the 12-month average of 36.1%. 

BRC chief executive Helen Dickinson OBE said: "Dismal weather and disappointing sales led to a depressing start to Spring for retailers, even accounting for the change in timing of Easter. 

“People delayed typical Spring purchases despite retailers’ attempts to entice customers with heavy discounts. A dull, wet April dampened sales growth for clothing and footwear, especially outdoor sportswear, as well as DIY and garden furniture.  

“Promotions in computing did boost sales as many sought to upgrade their tech a few years post the pandemic surge in tech sales.  

“Many retailers are hoping for brighter sales over the summer months as social events ramp up, and consumer confidence could improve with a potential cut in interest rates.” 

A recent report by the BRC and Sensormatic IQ revealed that the UK retail sector experienced a 7.2% YoY decline in footfall in April 2024.  

Latest news

ALDI Nord permanently cuts breakfast staples' prices by up to 21%

The new reduced pricing of breakfast products and staple foods came into effect from 6 May 2024.

Target tests wholesale waters with popular Cat & Jack brand

The company is reportedly in the early stages of exploring opportunities to sell its products to retailers globally.

UK consumers concerned about international delivery

A new report finds a marked decline in UK consumers buying from overseas due to concerns relating to delivery and returns.

Richemont to acquire Italian jewellery brand Vhernier

Milan-based Vhernier offers jewellery designs inspired by modern sculpture and the curves of the human body.  

Lululemon faces greenwashing probe by Canada's Competition Bureau

The latest investigation stems from a complaint filed by advocacy group Stand.earth in February 2024.

MINISO opens first IP collection store in Vietnam

The new store incorporates dedicated zones for popular characters such as Winnie-the-Pooh, Snoopy, and Pokémon.

Coty's records reported net income of $0.5m in Q3 FY24

Adjusted net income came in at $43.8m, a decrease of 74% from $168.1m reported in Q3 FY24.

Geopolitics 2024

Hear our experts discuss rising geopolitical tensions, new structural realities in the global economy, and more.

Watch Now

Newsletters in other sectors

Aerospace, Defence & Security

In data: Trends and trajectories in US defence spending
08 May 2024

Explore our market-leading Intelligence Centers

Still looking?

Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries

Explorer

Access more premium companies when you subscribe to Explorer