Non-food stores’ sales volumes (the total of
department, clothing, household and other non-food stores) fell by 4.1% in
April 2024 which according to the ONS was the joint largest fall (shared with
December 2023) since January 2021.
Within non-food, the fall in sales was
strongest for clothing retailers, sports equipment, toy stores and furniture
stores, with retailers reporting poor weather and low footfall as the main
causes.
The ONS explained that this data is
consistent with national retail footfall data from its economic activity and
social change in the UK, real-time indicators bulletin, which also reported
footfall reducing on the year.
The Met Office climate summaries described
April 2024 as “a dull and wet month,” receiving 155% of average rainfall and
just 79% of average sunshine hours.
Data shared by ONS highlighted that, while
the actual amount of money spent online decreased in April 2024, compared to
the previous month and the previous year, the proportion of overall sales made
online increased.
Despite a decrease in total spending
overall, the percentage of sales conducted online rose from 26.2% in March 2024
to 26.5% in April 2024.
Nick Delis, senior vice president of
international and strategic business at software provider Five9, warned that
many British consumers are still tightening purse strings amidst an ongoing
cost-of-living crisis. He said this means retailers must give customers
“exactly what they want, when they want it, across channels” to secure genuine
long-term loyalty.
“Despite the fall in retail sales last
month, there are many opportunities for retailers to look forward to this
summer, as heatwaves in the UK this June could see shoppers flock to high
streets to spend their hard-earned cash. In this climate, AI can be
transformative in the customer service space, turning real-time data into
real-time action – allowing brands to more easily create experiences that
exceed customer expectations.”
Delis also explained generative AI-driven
technologies analyse contextually rich data at speed, tracking recurrent issues
with deliveries and returns: According to him, historical analysis of such data
is particularly important when you consider that 89% of consumers are more
likely to make another purchase after a single positive experience.
He suggests: “By leveraging AI-driven,
data-rich insights, retail brands can empower themselves to take a proactive
approach to their customer strategy over the summer sales season, getting one
step ahead of the competition.”
By Just Style