High street sales rise again

UK High Street sales have risen for the eighth week in a row. The sunny weather continued to provide a boost to the high street, with sales rising for the eighth consecutive week this year, according to BDO LLP. Figures from the BDO High Street Sales Tracker for the week ending 14th March show overall sales up 10 per cent on the same week last year. Fashion saw a growth of +9.1 per cent. Although there was a slight deterioration in demand compared to last week, sales still remained comfortably ahead of last year. Not surprisingly, womenswear sold strongly given Mother’s Day, while formalwear was also in demand.

Don Williams, Head of Retail at BDO LLP commented: “The fine spring weather seems to have put most consumers in a good frame of mind with worries over future tax increases and unemployment certainly not playing on their minds.

“However, we might see sales figures fall back after next week’s Budget announcement. If consumers receive a wake-up call to the belt-tightening that will happen across the board when the next Government announces its plans to reduce the UK’s deficit, it may affect their desire to dig in to their wallets on the high street.”

Image: High street shoppers

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