BDO: High Street has best summer for years

Growth experienced across the board as autumn ranges hit shelves.
Author:
Publish date:
Social count:
0
3_184_6395_184_6193_184_5733_Oxford Street pic.jpg

This summer has been the most successful on the High Street for the last five years, according to new figures from BDO.

Like for like sales at medium-sized retailers grew by 3.6 per cent during August.

This is the third month in a row to see growth, giving an average rise of 4.3 per cent for the summer months of June, July and August. Last summer, average growth for the same period had dropped by 1.6 per cent.

Apart from in 2007, average growth for June, July and August has been negative since 2006.

All sectors have seen an uplift. The combinaton of colder weather and the release of autumn ranges pushed fashion sales up by 2.8 per cent, while cookware and accessories helped the homewares sector grow by 4.5 per cent.

Non fashion sales - boosted by luxury and gift products - saw growth top 5.3 per cent, while online sales soared by 32.8 per cent.

"Current trading on the High Street is still relatively strong, with the pessimism from some quarters overdone," said Don Williams, head of retail at BDO.

Related

Featured Jobs

Aardman Job Logo 620 x 349

Brand Manager (Maternity Cover)

Part of the brand team, The Brand Manager works closely with several members of the department, including Studio Publicist, Community Managers, Licensing, Sales and Attractions and Live Experiences teams to implement local and international strategies in the form of brand plans and maximising on all activity surrounding the properties.

Universal Job Logo 620 x 349

Senior Graphic Designer, EMEA - Consumer Products

Working in tandem with the Product Development team and reporting into the Design Manager EMEA, the purpose of this role is to drive forward our creativity across all licensed consumer products. As part of the creative team, you’ll be developing exceptional creative assets and product concepts for numerous NBCUniversal franchises that inspire licensing partners across the entire region.

SanrioJob Logo 620 x 349

Creative Manager

Best known for global icon Hello Kitty, Sanrio has a portfolio of more than 400 characters. We license a unique collection of branded gifts, stationery and fashion accessory items while collaborating with the most respected companies in the world. Our EMEA business coordinates the development licensing throughout Europe, Russia, Middle East, Africa, Asia (for Mr Men), Australia and New Zealand. An exciting, permanent opportunity has come up at our London office to lead our Design team as Creative Manager (m/f)

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.