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UK retail sales rise in June, boosting Currys, Tesco, Kingfisher; Primark struggles with shift to online shopping

Market News
15 Jul 2026
Proactive Investors
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Bullish
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UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in electronics and general merchandise. Next also stands out due to its strong online presence. However, Primark, owned by Associated British Foods, faces challenges as its limited online operations make it less competitive amid the shift to digital shopping. Despite sales growth, rising operating costs continue to pressure retailers' ability to invest and keep prices low.

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