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June 27, 2022

ONS reports 0.5% decrease in UK retail sales during May

UK retail sales in the three months to May fell by 1.3% compared with the previous three months.

Retail sales volumes in the UK declined by 0.5% last month after increasing 0.4% in April, data from the Office for National Statistics (ONS) have shown.

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The drop in sales volumes was attributed to a 1.6% fall in food store sales, indicating that customers spent less in food stores due to increases in prices and the cost of living.

In a statement, ONS said: “When asked about their shopping habits in the past two weeks, 44% of adults reported that they were buying less food when food shopping.

“This proportion appears to be increasing, having been 41% in the previous period (27 April to 8 May) and 18% at the beginning of (this year).

“Comments from some food retailers highlighted that they are seeing a decline in volumes sold because of increased food prices and cost of living impacts.”

Despite the fall in retail sales volumes, the figure was 2.6% above pre-Covid-19 levels recorded in February 2020.

Retail sales values in May, unadjusted for price changes, grew by 0.6% after increasing 1.0% in the previous month.

Sales volumes at non-food stores remained flat from April during the month, after a 2.2% growth in clothing sales was counterbalanced by a decline in household goods store sales (-2.3%) such as furniture and department stores.

The UK’s automotive fuel sales volumes rose by 1.1% in May, driven by increased hybrid working and an end to many employers’ work-from-home policies.

The proportion of retail sales online declined from 27.1% in April to 26.6% in May, while online spending values also fell by 1.7% during the month.

In the three months to May, retail sales volumes in the UK fell by 1.3% compared with the previous three months.

Last week, the Confederation of British Industry’s (CBI) latest monthly Distributive Trades Survey revealed that UK retail sales volumes in the year to June dropped to -5% from -1% in May.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.