Heatwave slows retail sales but World Cup boosts online shopping

cityam07-14 07:01

June saw six days of record 35C heat (Gareth Fuller/PA Wire) June’s scorching heat slowed retail sales, but Brits opted to shop from home instead, sending online sales soaring. Total retail sales in ...

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href=https://www.cityam.com/heatwave-slows-retail-sales-but-online-shopping-booms/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June saw six days of record 35C heat (Gareth Fuller/PA Wire) June’s scorching heat slowed retail sales, but Brits opted to shop from home instead, sending online sales soaring. Total retail sales in ...</p>\n\n<a href=\"https://www.cityam.com/heatwave-slows-retail-sales-but-online-shopping-booms/\">Source 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in June year on year, in line with this year’s average growth rate, according to the British Retail Consortium .Declining visits to physical stores, with sales down 1.1 per cent, drove this slowdown, as stifling temperatures kept Brits away from the high street.But online non-food sales surged by more than five per cent, accounting for the biggest proportion of total retail sales recorded so far this year.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VCR":"可选消费ETF-Vanguard","XLY":"消费品指数ETF-SPDR可选消费品","WANT":"Direxion Daily Consumer Discretionary Bull 3x Shares","VCRPF":"Vanguard Funds PLC","PEZ":"Invesco Dorsey Wright Consumer Cyclicals Momentum ETF","RSPD":"Invesco S&P 500 Equal Weight Consumer Discretionary ETF","ONLN":"ProShares Online Retail ETF","IEDI":"iShares U.S. Consumer Focused ETF","RAYC":"Rayliant Quantamental China Equity ETF","FDIS":"Fidelity MSCI Consumer Discretionary Index 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kept Brits away from the high street.But online non-food sales surged by more than five per cent, accounting for the biggest proportion of total retail sales recorded so far this year. \n\nElectric fans, air con units and paddling pools were among the most popular items in June, as Brits did their best to keep cool. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShop fridges struggle with heatLinda Ellet, the UK head of consumer at the consultancy KPMG, said that high temperatures coincided with the World Cup, boosting spending on summer staples.“Demand for fans and air con units helped drive up home appliance sales, with some retailers struggling to restock fast enough, while the men’s football World Cup also brought a boost for home electrical sales and food and drink,” she said.But the sales blow to physical 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