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ONS retail sales: Barclays' comment

Commenting on today’s ONS Retail Sales figures, Ian Gilmartin, Head of Retail & Wholesale at Barclays, said:

“Record breaking temperatures in May had shoppers running to the tills to stock up on food and drink, with DIY and garden stores also receiving a boost from the warm weather. The really encouraging aspect to today’s figures is the breadth of positive data, with growth posted across the different parts of the retail sector. We shouldn’t get carried away as it’s still very tough out there, but the truth is that despite continued rumours of the demise of our retail industry, many retailers are simply getting on with the job and continuing to attract customers through their doors.

Of course, we’re not going to have a heatwave and a Royal Wedding to help drive sales every month, but the World Cup kick off should help supermarkets in particular maintain this momentum over the next month or so.”
About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays .