THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Fashion leads upward trend on High Street

Sales figures from BDO’s High Street Sales Tracker for the week ending 24 January found total Sales: +4.3 per cent

GENERAL MERCHANDISE

Fashion leads upward trend on High Street

The upward sales momentum experienced at the back-end of last week continued into this week with overall like-for-likes comfortably breaking into positive territory (+4.3%).

Non-fashion: -0.8%. Although sales remained negative, trade continued to move upward, only just failing to beat last year’s positive returns. Luxury stores were the laggards, while leisure and health and beauty performed well.

Fashion: +7.1%. Fashion experienced a very good week, with sales surging by over 7%. New season ranges sold well, despite this week being the low point in the monthly salary cycle, with formalwear the strongest performer.

Homewares: -1.0%.Sales continued to retreat; however, there were some signs that underlying trade did lift week on week, with furniture and textiles the biggest gainers.

Non-Store: +53.2%.Non-store sales rose by a resounding 53.2% as strong sales were reported across most categories.

Don Williams, Head of Retail at BDO LLP commented: “These figures continue to be encouraging for retailers. There was particularly good news for fashion, which saw strong gains in most categories, demonstrating that a successful transition into new season stock is gathering momentum.

In other areas, although takings remained below last year, there were signs of improvement. Homewares and non-fashion saw some evidence of pent-up demand following two weeks of sharply negative figurers. Although weak comparisons boosted performance in many areas, retailers should take heart from this week’s sales.” he concluded.

Sales this week last year
This week last year sales deteriorated with weak demand reported in most areas. Although non-fashion registered modest growth (2.4%) both fashion (-9.4%) and homewares (-33.6%) declined steeply with only a handful of stores bucking this negative trend.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing