Overview
- April 2025 retail sales increased by 7.0% year-on-year, the highest monthly growth since the COVID-19 pandemic, according to the British Retail Consortium.
- A late Easter and the sunniest April on record spurred strong sales, with food sales up 8.2% and non-food categories, including DIY and gardening, rising by 6.1%.
- Barclays reported a 4.5% annual increase in card spending for April, the largest jump since June 2023, reflecting consumer resilience despite financial concerns.
- Household financial confidence remains steady at 70%, even as 72% of consumers express worries about tariff impacts on their budgets.
- Retailers face ongoing challenges from rising operational costs, including wage increases and upcoming packaging taxes, estimated to add £9 billion in expenses this year.