World Cup results in draw for the high street
Overall, retailers reported like-for-like sales 4 per cent higher, according to the June High Street Sales Tracker from BDO LLP.
Don Williams, Head of Retail at BDO LLP commented:
“Consumer spending was undeniably affected by the World Cup, especially on the days when England played. However, overall sales in June held-up well with gains made before the start of the tournament. We anticipate that trade will remain reasonably strong for the remainder of the year as the widely-anticipated VAT increase has now been deferred until 2011.”
Fashion like-for-likes rose by 3.9 per cent
Summer clearance promotions helped supplement positive trends, with footwear and youth ranges selling strongly. In other areas trade was more subdued.
Non-fashion like-for likes increased by 2.1 per cent
Trade was varied in June with health & beauty and leisure performing below average, offset by solid gains from some luxury stores.
Homeware like-for-like jumped by 9.5 per cent
Set against weak comparisons this time last year (-5.6%), sales were particularly strong at the start and the end of the month.
The good run across non-store channels and online continued with the vast majority of stores recording double-digit growth. The overall gain was 40.4 per cent on the same time last year.
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