Online sales soar - but it’s not enough
By Sarah Wood | 5th June 2020
UK retailers saw record online sales last month, but it wasn't enough to offset the impact of closed high street stores.
New figures from the BDO retail sales tracker for May showed that online sales were up 129.5 per cent on May 2019 - the biggest jump on record - as reported by Retail Gazette.
But retailers still saw their overall like-for-like sales fall by almost a fifth for the month.
The figures showed that total sales fell 18.3 per cent compared to May last year, with the decline in sales slightly slower compared with April.
Non-essential retailers, including fashion chains, have been closed since lockdown started in late March. High street sales are expected to pick up later this month, with stores able to reopen from 15th June.
Fashion sales were down 22.6 per cent for May, although slightly up on previous months due to increased online spending. Homeware bucked the trend in May, with sales up by 22 per cent due to online sales and the reopening of some homeware and furniture stores during the month.
The challenges for retail won't miraculously disappear on 15th June, as shops face disrupted supply chains, new safety measures, out of season stock, staffing uncertainty and reduced footfall.
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