Disappointing week for mid-market retailers
Sales figures from BDO Stoy Haywards High Street Sales Tracker for the week showed that overall, sales decreased by -1.9%, which represents the sixth decrease out of the last seven weeks.Non-fashion: -0.1% Up against tough prior year comparisons, non-fashion retailers had a mixed week. Whilst luxury and gifting stores generally witnessed higher demand, health and beauty and leisure related stores saw sales slide. Overall, takings were mar ginally down for the first time in five weeks.
Fashion: -2.4% Takings remained negative for a seventh consecutive week. Premium clothing ranges and footwear stores were the weakest performers, not helped by lower footfall levels. More positive news came from specialist and lifestyle retailers, while formalwear stores also had a good week.
Homewares: -3.6% The three week bounce in homewares came to an end this week, possibly reflecting the better weekend weather that would have depressed indoor DIY activity. However, sales still remained relatively buoyant, although they were being compared against a low base last year.
Non-Store: +89.1% Non-store sales rose very strongly for a second week with a string of good results across all sectors.
Don Williams, Retail Partner at BDO Stoy Hayward, says: “It was a pretty disappointing week for most mid-market retailers with sales down across all three sectors. Although non-fashion was broadly flat, fashion remained in negative territory, while the recent upturn in homewares was reversed. However, non-store sales saw strong growth.
Overall, sales decreased by -1.9%, which represents the sixth decrease out of the last seven weeks. It was a quiet week all round, suggesting that the improved weekend weather discouraged general shopping footfall. It also seems to have contributed to lower levels of DIY activity, which may have impacted demand across homewares,” he concludes.
Sales this week last year
The start of the Olympics had a negative effect on results this week last year, with only non-fashion in positive territory (+7.2%). Across fashion (-1.3%) sales were subdued, while homewares (-8.2%) was down steeply, not helped by the flagging housing market.
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