High street retail has best October since 2012

Total like-for-like sales in October were up by +0.7 per cent as the BDO High Street Sales Tracker moved into positive territory for the first time since January 2016.

In-store sales of homeware and lifestyle goods propelled the tracker to its best October result
since 2012.

Unusually warm weather also helped garden centre sales, as plant sales rose by up to 18 per cent.

October was the driest since 1946, the Met said with 35 per cent less rainfall than normal. It was the 25th hottest October since 1910, with sunshine 9-24 per cent above average.

Sales of lifestyle goods grew by 2.3 per cent in October and homewares saw an increase of 11.6 per cent, BDO found.
Non-store sales recovered to +19.5 per cent after a dropping to just +12.6 per cent in September.
Fashion goods still struggled in the unseasonably warm weather. Like-for-like fashion sales were negative in three out of five weeks in October, see-sawing between a low of -5.2 per cent to a high of +2 per cent. While the overall monthly return for fashion retailers was a fall of -0.9 per cent, it was
still the best month since January.
BDO said: "The return to growth will be a huge boost to stores as they head into the crucial Christmas
period. With ‘Black Friday’ and ‘Cyber Monday’ just around the corner, many stores would have been preparing to sacrifice margins in pursuit of sales volume. But with consumer confidence boosted by low unemployment and encouraging figures from the post-referendum economy, consumers have been spending with a freedom not seen since the January sales.

Meanwhile, the British Retail Consortium have reported that overall shop prices reported deflation of 1.7 per cent in October from the 1.8 per cent decline in September. This is slightly behind the three-month average of -1.8 per cent.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Are garden centres taking business from department stores?

Are garden centres taking business from department stores?

Can other garden centres learn from Petersham Nurseries and the fusion of retail elements in its new Covent Garden outlet?

Consolidation reaching ever further across horticulture

Consolidation reaching ever further across horticulture

Consolidation is stretching across the nursery and retail horticulture sectors, with Dutch corporate finance company Oaklins saying the horticulture market is now going through another wave of consolidation.

Electric car charging: an opportunity for garden centres?

Electric car charging: an opportunity for garden centres?

There are 11,700 electric car-charging points across the UK but only eight at garden centres, so more can be done to take the opportunity in garden retail.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles