Like-for-like retail sales on the rise
Written by Peter Walker
Total like-for-like sales increased by seven per cent this week, from a base of 1.5 per cent for the equivalent week last year, according to BDO’s High Street Sales Tracker.
Fashion stole the show this week, but total in-store like-for-likes enjoyed a strong seven days, despite lower footfall and mixed weather conditions.
Some discounting may have contributed to the boost in like-for-like sales, however shoppers will also be keen to refresh their wardrobe before the end of summer, according to the accountancy and business advice firm.
Total in-store like-for-likes increased by 3.8 per cent this week, offsetting a negative base minus 2.9 per cent for the same week last year.
This week’s result mark the best total in-store like-for-like sales since April this year.
Total non-store like-for-likes received an uplift of 25.9 per cent this week, but from a slight base of 9.96 per cent last year.
The last seven days saw warm temperatures with sporadic rainfall throughout. The same week last year saw mixed conditions, with high temperatures giving way to cooler and wetter weather into the weekend.
Overall footfall was down by 0.7 per cent this week as compared to the same week last year. Shopping centres saw the largest decline, with footfall dropping by 2.1 per cent this week.
Footfall on the High Street fell by 1.4 per cent this week, however, retail parks managed to buck the overall trend again, seeing footfall increase by two per cent this week.