Paul Martin discusses the findings of the BRC-KPMG Retail Sales Monitor and highlights four key focus areas for retailers in light of the results.
“The month of May was another difficult month for retailers. The BRC KPMG Monthly Retail Sales Monitor shows a decline of 5.9 percent in comparison to May 2019. This decline was less drastic than the 19.1 percent in April.”
With non-essential retail gradually due to restart this month, what are the considerations for retailers in the context of sector performance and consumer behaviour?
For May 2020, the BRC KPMG Monthly Retail Sales Monitor shows a decline of 5.9 percent in comparison to May 2019, however this decline was less drastic than the 19.1 percent decline experienced in April 2020.
Nevertheless, a continuing decline does highlight the severity of the crisis, which does mean consumers will continue to focus on buying the essentials. With this mind, many retailers will be under pressure over the next year and will have to radically review their cost base in light of this.
In our new reality video, Paul Martin, Partner, UK Head of Retail, discusses the finding of the BRC-KPMG Monthly Retail Sales Monitor and the four areas of focus for retailers:
For further information, view the results of the full BRC-KPMG Retail Sales Monitor for May.
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