Sunday, July 25, 2021
HomeNewsFashion shines in June, supported by stable online demand-BDO - News

Fashion shines in June, supported by stable online demand-BDO – News


Positive news for British fashion retailers on Friday. total Fashion sales surged to 73.7% in June, but last June’s base was -20.9%, partly supported by stable online spending. June also shows that total fashion LFL has increased for the fourth straight month. This is BDO’s latest High Street Sales Tracker report.

Photo: Pexel

Online spending, especially among fashion retailers, also boosted overall growth. Despite the substantive base (+ 102.6%) set in June 2020, total non-store sales last month increased steadily to 8.2%.

Elsewhere, similar lifestyle sales increased 50.9% in June, up from a -23.9% base in the same month last year. The results show that the total lifestyle LFL has been positive for the fourth straight month, “because of consistent positive results throughout June, despite a decline in online sales.” ..

Household goods sales were also strong in June as shoppers sold their homes ahead of the euro. Total sales in June increased by + 22% from + 25.5% in the same month last year.

According to BDO, total in-store and online similar sales increased 52.1% in June, but last year’s base for the same month was -14.4%.

Sporadic summer weather, supported by the success of the UK Eurosoccer tournament, meant that June retail sales not only recovered, but also began to make up for some of last year’s losses. And the business advisory company said.

The last two weeks of this year are much better than the same two weeks of 2020, as non-mandatory retailers were allowed to reopen in mid-June last year, which is “compared to last year’s reopening of this year. It shows strength. ”

Sales in the third week surged 41.74% from the low level of the same period last year (-7.07%). In the final week of June, it improved by 37.8% from the same weekly base of -15.54% in 2020.

Sophie Michael, Head of Retail and Wholesale at BDOLLP, said:

“Many progress has been made in this resumption phase, with week 3 and 4 results showing strong recovery, suggesting higher sales compared to the more” normal “years. I will. There are many reasons to be optimistic, as higher footfalls, more in-store spending, and online sales are still rising above pre-pandemic levels.

But she also had a warning. “Retailers may soon face major logistics challenges, and supply pressures will limit the availability of inventories to meet this accumulated demand. Inflation threats are imminent and summer I’m still not sure if the boom will continue until autumn. ”

Copyright © 2021FashionNetwork.com All rights reserved.

Fashion shines in June, supported by stable online demand-BDO

Source link Fashion shines in June, supported by stable online demand-BDO

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments