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
Insight: high street sales edge up in October

New figures have shown that the UK’s high streets recorded year-on-year sales growth of 0.7% in October.

GENERAL MERCHANDISE

Insight: high street sales edge up in October

New figures have shown that the UK’s high streets recorded year-on-year sales growth of 0.7% in October.

According to BDO’s High Street Sales Tracker, the increase has ended a run of monthly sales falls that began with a 1.7% fall in February.

Sales of lifestyle goods grew by 2.3% while homewares saw an increase of 11.6%. Non-store sales recovered to growth of 19.5% after dropping to 12.6% in September.

Fashion goods still struggled in the unseasonably warm weather. BDO said like-for-like fashion sales were negative in three out of five weeks in October, see-sawing between a low of -5.2% to a high of +2%. While the overall monthly return for fashion retailers was a fall of 0.9%, it was still the best month since January.

Sophie Michael, head of retail and wholesale at BDO, said: “Shoppers have reminded everyone of their resilience and this result provides a promising start to a crucial trading quarter. Prices will inevitably rise next year in the context of the falling pound, but right now people are remarkably upbeat about their finances.

“Retailers have a perfect window of opportunity to push full price lines for the next few weeks and claw back their margins prior to Black Friday. A strong product and service proposition will be critical for wooing shoppers while there is an appetite to spend.”

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

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
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
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 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.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process