Essential reading for retailers and suppliers in the home improvement market

Retailers suffer worst February in two years

Published: 4 March 2016
According to the latest high street sales tracker from the BDO, retailers suffered the worst February in two years, with sales falling 1.7% compared with last February.
Retailers suffer worst February in two years
According to the BDO, homewares sales fell 0.5% in February compared with the same month last year. Lifestyle stores, on the other hand, saw sales grow by 0.8% while online trading went up by an impressive 18%.

It comes following a relatively good January on the high street, which analysts put down to widespread discounts in stores.

The BDO's head of retail and wholesale Sophie Michael said: "After a strong start to the year, primarily driven by the sales period, retailers have returned to negative like-for-like revenue growth.

"The canny consumer continues to shop for bargains. Retailers have to find ways of enticing the customer back into store during full price periods through a rich product mix and the right customer experience."

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


As the Brexit saga continues, what do you want the Government to do?



Latest reader comments

re: Rosebourne completes purchase of Wyevale centre

Patricia Mills
Do you still have a cafe or restaurant, as I was going to brjng some elderly ladies for lunch and a browse around shops and garden centre. ...

re: Women line up for B&Q DIY classes

Tara Boolakee
HelloJust wanted to ask whether you still provide DIY classes anywhere near around Brentford TW8 .Thanks TaraQSCA...

re: New B&Q trade discount card offers up to 25% discount

geej@onetel.com
Don't bother responding to an 11 year old post; get off your b*m and visit local store....

re: IKEA rival to open 15 stores in Ireland

geej@onetel.com
Seems to be vast over provision of stores for size of market!...

re: JML appoints new board member

Gel
Stupid to respond to 7 year old story, expecting response! Never heard of Google?Staff will likely have moved on....