UK: Retail sales take a hit in May as consumers cut back spending
New figures by the Office for National Statistics (ONS) have shown a drop of 2.7 percent in retail sales volumes during May, representing the largest monthly fall since December 2023.
The decrease comes after a more promising April, in which volumes rose 1.2 percent. Sales were also down by 2.7 percent compared with pre-Covid levels in February 2020, and thus reached their lowest level since December 2024.
In contrast, over the three months to May, volumes increased marginally by 0.8 percent when compared with the three months to February 2025. When compared to the same period last year, sales were up 1.7 percent.
While food sales took the largest hit at 5 percent, non-food stores saw sales volumes drop by 1.4 percent over the month, mainly due to a decline in clothing and household goods sales. Textile clothing and footwear stores reported a decrease in sales volumes of almost 2 percent.
This was even more significant online, where monthly sales dropped by just over 3 percent for such stores. This was compared to an overall 1 percent drop in online spending values over the month to May 2025.
In a statement to FashionUnited, Matt Jeffers, MD, retail strategy and consulting at Accenture, said 'retail sales suffered as consumers continued to feel the squeeze from rising household bills and an extended period of cost-of-living pressure'.
Jeffers continued: 'While improving consumer confidence offered a glimmer of hope, that sentiment didn't translate into spending and sales were the lowest in months, with food hit particularly hard. Fashion, household goods and big-ticket purchases all saw weaker performance, with many households opting to cut back or trade down.
'Some of May's softness likely reflects summer purchases brought forward into April, when Easter and spring bank holidays coincided with exceptionally sunny weather. But recent cybersecurity issues faced by a number of retailers will also have had an impact, disrupting stock availability.'
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Glasgow Times
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He has, to borrow a phrase made infamous by former manager Craig Levein following an Edinburgh derby win over Hibernian at Tynecastle in 2018, upset the 'natural order' before elsewhere on more than one occasion. It is 65 years now since Hearts lifted the Scottish title for the fourth time in their history. It is four decades since a club other than Celtic or Rangers were crowned champions. But back in May the Royal Union Saint-Gilloise side which the Englishman had revitalised after becoming their majority shareholder in 2018 won the Pro League in Belgium for the first time in no fewer than 90 years. (Image: Steven Paston) RUSG, as they are known for short, have a smaller transfer budget, player wage bill and average home attendance than those of Anderlecht, Club Brugge and Standard Liege, or The Big Three. Genk, Gent and Royal Antwerp should also by rights be finishing above them given their economic advantages. 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The billionaire has, too, worked wonders at his home town team by investing heavily in their infrastructure, fostering a positive environment for staff to work in and prioritising the development of young players. Kieran Maguire, host of the Price of Football podcast and a Seagulls season ticket holder, this week described him as the smartest man he has ever met. Read more: Jamestown Analytics, a company that is closely linked to Starlizard, have been working with Hearts for some time now and it has by no means revived their ailing fortunes. Quite the opposite, in fact, has been the case. They were instrumental in the ill-advised appointment of Neil Critchley as manager. However, it took three years for RUSG to win promotion back to the top flight on his watch, four years to qualify for Europe and seven years to win the title. Progress is never made overnight, a long-term strategic approach which will yield results in due course is always taken. Strong foundations are laid, quick fixes are avoided. Scepticism has been expressed about how Critchley's replacement Derek McInnes will cope with Bloom's way of working since the former St Johnstone, Aberdeen and Kilmarnock man was brought in back in May. Such cynicism does one of the sharpest, most progressive and experienced coaches in the Scottish game a gross disservice. Can Hearts challenge defending champions Celtic and Rangers for the Premiership in the 2025/26 campaign? Probably not. Can they do so in the future? It would be a major surprise if they were able to end the Old Firm duopoly. But the Ibrox and Parkhead hierarchies should look out for The Lizard, as he is known on the professional poker circuit. Only a fool would bet against him achieving his ambitious objective.
The Herald Scotland
16 hours ago
- The Herald Scotland
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So it was maybe no great surprise when seasoned observers of the game in this country were unperturbed when Tony Bloom pledged to try and 'disrupt the pattern of domination of Scottish football which has been in place for far too long' when his £9.86m investment in Hearts was completed earlier this week. They have heard it all before and such fighting talk has never amounted to very much. But there are reasons why things may be different this time around with Bloom, the professional gambler, poker player and entrepreneur who has received a 29 per cent stake in non-voting shares in the Tynecastle club in return for his welcome cash injection, involved. He has, to borrow a phrase made infamous by former manager Craig Levein following an Edinburgh derby win over Hibernian at Tynecastle in 2018, upset the 'natural order' before elsewhere on more than one occasion. It is 65 years now since Hearts lifted the Scottish title for the fourth time in their history. It is four decades since a club other than Celtic or Rangers were crowned champions. But back in May the Royal Union Saint-Gilloise side which the Englishman had revitalised after becoming their majority shareholder in 2018 won the Pro League in Belgium for the first time in no fewer than 90 years. (Image: Steven Paston) RUSG, as they are known for short, have a smaller transfer budget, player wage bill and average home attendance than those of Anderlecht, Club Brugge and Standard Liege, or The Big Three. Genk, Gent and Royal Antwerp should also by rights be finishing above them given their economic advantages. But the data-led approach to player recruitment that Bloom instigated when he first got involved has transformed the unfashionable Brussels club into the dominant force in their homeland as well as formidable rivals in European competition. The London-based betting consultancy Starlizard has provided the gen which has underpinned their success. An army of analysts, statisticians and researchers supply information on every facet of the game in an attempt to gain a competitive edge. The decibel levels of the crowd when a particular player is on the ball is even considered when a potential transfer is being weighed up. Bloom reduced his stake when both they and Brighton, where he is majority shareholder and chairman, both qualified for the Europa League two years ago in order to avoid breaching strict UEFA multi-club ownership rules. He has, however, very much been involved in their inexplicable and unexpected rise. The billionaire has, too, worked wonders at his home town team by investing heavily in their infrastructure, fostering a positive environment for staff to work in and prioritising the development of young players. Kieran Maguire, host of the Price of Football podcast and a Seagulls season ticket holder, this week described him as the smartest man he has ever met. Read more: Jamestown Analytics, a company that is closely linked to Starlizard, have been working with Hearts for some time now and it has by no means revived their ailing fortunes. Quite the opposite, in fact, has been the case. They were instrumental in the ill-advised appointment of Neil Critchley as manager. However, it took three years for RUSG to win promotion back to the top flight on his watch, four years to qualify for Europe and seven years to win the title. Progress is never made overnight, a long-term strategic approach which will yield results in due course is always taken. Strong foundations are laid, quick fixes are avoided. Scepticism has been expressed about how Critchley's replacement Derek McInnes will cope with Bloom's way of working since the former St Johnstone, Aberdeen and Kilmarnock man was brought in back in May. Such cynicism does one of the sharpest, most progressive and experienced coaches in the Scottish game a gross disservice. Can Hearts challenge defending champions Celtic and Rangers for the Premiership in the 2025/26 campaign? Probably not. Can they do so in the future? It would be a major surprise if they were able to end the Old Firm duopoly. But the Ibrox and Parkhead hierarchies should look out for The Lizard, as he is known on the professional poker circuit. Only a fool would bet against him achieving his ambitious objective.
