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Deloitte comments on ONS retail sales for June

21 July 2023

Commenting on today’s ONS retail sales figures, Kelly Miely, retail partner at Deloitte, said:

“The hottest June on record painted a sunny picture for retailers as sales lifted for the third consecutive month. Spending on clothing and furniture rose as consumers devoted a larger share of their wallet towards discretionary items, as we’ve also seen in our latest Consumer Tracker.

“Even as inflation begins to fall, the changing economic landscape is not immediately influencing consumer behaviours. Many consumers continue to source cheaper products through discounting and value-ranges, as well as opting to shop at budget stores. Mid-market brands and retailers will therefore need to show the value and quality of their product ranges to encourage spending.”