BDO news and archive

December sales boost fails to save UK retail’s “Golden Quarter”

Christmas fails to save 2024 trading, as new data from the British Retail Consortium (BRC) and KPMG International reveals that UK total retail sales for the year increased by just 0.7 percent from 2023, while non-food declined by 1.5 percent. For the three months to December, known as the “Golden Quarter,” sales growth was 0.4 percent...

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Retailers witness six months of negative sales

Total in-store and online sales fell 2.2 percent in March, marking the sixth consecutive month of negative sales results, according to new data from BDO’s High Street Sales Tracker. According to BDO data, the last six months mark the longest consecutive period of negative growth outside of the Covid-19 pandemic. In-store sales were down 1.8...

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UK's retail sector witnesses fifth month of negative sales in February

Total in-store and online sales fell 1.3 percent in February, marking the fifth consecutive month of negative sales results, according to new data from BDO’s High Street Sales Tracker. BDO research found that the fashion and homewares sectors both performed very poorly, with like-for-like sales declining 4.8 percent and 4.1 percent respectively....

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‘Golden Quarter’ fails to add shine to the UK retail sector

The retail sector recorded its worst December performance since at least 2017, ending the year with negative like-for-like sales figures in all three months of the crucial ‘Golden Quarter’, according to new data from accountancy and business advisory firm BDO. BDO’s High Street Sales Tracker, recorded a fall of 2.7 percent for total...

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Inflation bites into UK's post pandemic retail recovery

New data tracking the UK’s retail sales shows the high street is at its lowest growth since the pandemic. Figures from BDO’s High Street Sales Tracker show like for like sales increased by 8.4 percent in June, the lowest since February 2021. Footfall was down 10.5 percent in June compared to three years previously, with soaring inflation,...

Retail

Fashion segment fuels UK sales growth in March, footfall gradually improves

The fashion segment was the standout performer in the UK last month as consumers continued to splash out on new outfits post lockdown. Fashion total like-for-like sales increased by 87 percent last month from a base of 57.5 percent the same month a year earlier. It was the only category to record positive non-store like-for-like sales in March....