THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
High street sales fell 1.1% in July

The high street is in the grip of its worst summer in six years according to figures released by BDO.

GENERAL MERCHANDISE

High street sales fell 1.1% in July

The high street is in the grip of its worst summer in six years according to figures released by BDO.

The firm’s monthly High Street Sales Tracker recorded a year-on-year drop in sales of 1.1% for July. This is the first time since 2009 that the months of May, June and July have all registered negative growth.

All sectors were hit by the downturn. On a like-for-like basis, sales of fashion declined by 1.4%, lifestyle goods by 0.5% and homewares by 1.1%.

The like-for-like fall is the fifth monthly dip of the year so far although it is not as severe as the 4% drop in March and the 2% decline in June.

BDO said high street shops appear to be losing out to bars and restaurants in the battle for consumers’ disposable income.

Sophie Michael, head of retail and wholesale at BDO, said the like-for-like figures should be taken in the context of a strong July 2014, but warned that retailers are still being hindered by unpredictable market forces.

She added: “The political landscape is still settling down after the election and speculation over interest rate rises is creating uncertainty in the minds of retailers and consumers.

“Retailers have reduced or delayed discounting compared to last year to pick the right moment. But many have held off well into the holiday season, and the reduced footfall has eaten into sales.

“If this trend of falling sales continues into August, 2015 will go down as a very gloomy summer on the high street.”

 

 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019