BDO: July starts with a hit for retail

Latest Sales Tracker data shows a fall for total sales in first week of the month.
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The week ending July 5th saw total sales on the High Street fall by 5.6 per cent, according to the BDO Stoy Hayward Sales Tracker.

Non fashion sales were 7.3 per cent lower during the week compared to last year, marking the sharpest decline since the snow impacted the week in early February. Demand was subdued in most categories with leisure and gifting stores the weakest performers.

Although fashion sales improved week on week, helped by some stores beginning their summer clearances, results still remained in negative territory, down 4.1 per cent. Footwear, formalwear and lingerie were the weakest performers, while demand across niche and youth orientated stores held up fairly well.

The homewares sector also suffered a decline, down 14.1 per cent.

However, non-stores sales grew by 20 per cent, although takings ghrew at their slowest rate since February.

"Retailers will be hoping that sales figures will start to improve very quickly, or it could signal problems for a number of retailers," said Rupert Eastell, head of retail at BDO Stoy Hayward.

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