RETAIL UPDATE: Non fashion and homeware stores benefit

Samantha Loveday

By Samantha Loveday

May 15th 2009 at 10:30AM
RETAIL UPDATE: Non fashion and homeware stores benefit

Consumer confidence slowing improving, says BDO.

The latest sales figures from BDO Stoy Hayward's High Street Sales Tracker show that non fashion and homeware retailers enjoyed a strong week, ending May 10th.

Total sales fell by 1.7 per cent on a like-for-like basis, although the underlying trends are still better than expected.

Homeware stores had an excellent week, up 9.1 per cent. Demand was up in most areas, with furniture sales improving significantly and sales of general household items such as linen, glass and cookware also higher.

Non-fashion retailers, meanwhile, enjoyed their best week since the turn of the year - up 12 per cent - with the vast majority of stores witnessing positive sales. Retailers with a focus on luxury, outdoor goods and leisure related items posted the strongest results, with demand for small ticket gifts especially good.

"Results were extremely mixed this week - non fashion retailers experienced the best results since the start of the year, with homeware stores not far behind, whereas fashion stores witnessed a sharp drop," said Rupert Eastell, head of retail at BDO Stoy Hayward.

"Although this was the weakest outturn for three weeks, it is still nevertheless a reasonable performance given the difficult underlying conditions."