United Kingdom Retail

The UK retail sector saw a rebound in May with 3.5% yoy non-food growth, driven by a consumer shift to online channels during a heatwave. This growth marks an acceleration from the previous two-month average.

Key Takeaways

• 1.UK non-food retail sales grew 3.5% yoy in May, accelerating from the previous March/April average of -1.2%.
• 2.Rising temperatures drove a shift to online shopping, resulting in +10.6% online growth and -0.4% in-store growth for non-food items.
• 3.Total retail sales in May were +3.7% yoy, with food sales growing 3.9%.

Table of Contents

• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures