For the first time since 2010, growth on the high street has proven both consistent and widespread, BDO’s High Street Sales Tracker has revealed. Overall like-for-like sales grew 1.1% in May, marking the first full quarter in four years where the fashion, lifestyle and homewares sectors have all shown sustained growth over a three month period.
BDO’s figures show like-for-like sales at fashion retailers grew 0.7% year-on-year in May, with sales of lifestyle goods up 0.9% and homewares up 5.1%. Sophie Bevan, head of Retail & Wholesale at BDO LLP, said: “The high street feels like it has turned a corner. The exciting thing is that not only is growth coming from all sectors, it’s coming from the majority of retailers as opposed to just a minority boosting the overall performance.”
