Social & Organisational Research Blog
- Flat retail sales volumes in the year to June disappointed retailers’ hopes of modest growth.
- Growth better than the year-on-year fall in sales seen last month, which was the first decline since April 2012.
- Orders were broadly flat on a year ago, although they surpassed expectations of a third consecutive fall.
- Sales volumes were a fair way below average for the time of year in June, despite expectations they would be broadly in line with seasonal norms.
- Stock adequacy picked up on last month, in line with its long-run average.
- The outlook is a little brighter for next month, when retailers expect sales volumes to increase.