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."


(Your email address will not be published)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

What do you think?

What would help you maximise sales of hardware lines?

Latest reader comments

re: Tommy Walsh: 'I'm really proud of my £1 tools'

Danny Ocean
When are the general public going to realise, that every so called brand or celebrity named product is all to often, a low cost Chinese ...

re: Tommy Walsh: 'I'm really proud of my £1 tools'

Chris Elliot
Professional trades man with a full range of tools from Poundland. My favourite is my spirit level never lets me down. I like going on a ...

re: Homebase appoints Ian Topping as chairman

Homebase is a lost and needs to close all its stores and do what a pc has to do when it gets a virus...a complete factory reset.Start again ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

B&Q alice
Disgraceful share price plummet seemed to accelerate with buyback scheme. No leadership from VL to help stem this plummet leaving investors ...

re: Homebase appoints Ian Topping as chairman

HMV & Steinhoff hardly success stories by any stretch of the imaginiation!Homebase needs someone with relevant sector background....

Most read stories