High street shop sales down this weekFashion and homewares stores hardest hit by slump
23 May 2009
Total shop sales have fallen by 1.5% this week compared to the same week last year, according to new figures released today.
Figures from BDO Stoy Hayward's High Street Sales Tracker show a second consecutive week of negative growth in high street retail, with fashion and homewares stores particularly badly hit.
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The 2.5% dip in fashion sales recorded by BDO Stoy Hayward this week, compared to a 12.3% hike for the same period last year, was driven by unpredictable weather and heavy discounting among department stores to compete with rivals.
Sales in homewares shops were down 15.6% on the same week last year – with those selling furniture and textiles the hardest hit. Meanwhile, non-fashion stores held their own with a 7.2% lift in sales, due to demand for luxury and outdoor goods and gifts.
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