"An early Easter provided a much-needed boost to food sales as families came together over the long weekend. Non-food performance was more uneven: demand was robust for computers, toys, and homeware, but clothing and footwear continued to struggle."
"The disruption to international travel caused by the Middle East conflict also hit sales of travel-related goods. Retailers hope that the Middle East ceasefire will bring lasting stability, but the outlook remains uncertain."
"Damage to supply chains has already been done, and rising costs - from shipping and fertiliser to insurance and commodities - are piling yet more pressure onto already stretched retailers."
"Government must act decisively and boldly now to curb inflation by delaying domestic policies that would push prices even higher for shoppers."
In March, UK total retail sales increased by 3.6% year-on-year, surpassing the 12-month average growth of 2.6%. Food sales rose significantly by 6.8%, while non-food sales saw a modest increase of 0.9%. In-store non-food sales improved by 1.4%, reversing a previous decline. However, online non-food sales only grew by 0.1%, falling short of the 12-month average. The online penetration rate for non-food items decreased slightly but remained above the average. Retailers face challenges from rising costs and supply chain disruptions, with calls for government action to curb inflation.
Read at London Business News | Londonlovesbusiness.com
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