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High Street

June sees LFL retail sales rise by 52.1%

Retail Sales jumped 41.7% in the third week of June from a ‘poor base’ of 7.07% for the same week last year when non-essential retailers began to re-open after the first lockdown

Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker.
The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began to re-open after the first lockdown.

The final week of June saw total LFLs improve by 37.80% from a base of 15.54% for the same week in 2020.

Online spending, most notably amongst fashion retailers, also bolstered overall growth. Meanwhile, total non-store like-for-like sales rose steadily by 8.2% in June despite the “substantial base” (102.6%) set during the same period last year.

Fashion total like-for-like sales “skyrocketed” by 73.7% this month, from 20.9% for June last year, which was attributed to steady spending online.

Homeware sales also recorded a strong June with total like-for-like sales rising by 22.0% compared with a base of 25.5% for the same month last year.

Sophie Michael, head of retail and wholesale at BDO LLP, said: “These June figures continue to build on April and May’s results, with growing consumer confidence sustaining a rosy summer recovery.

“Much progress is being made in this reopening phase, with week three and four results demonstrating the strength of the recovery and suggesting an uplift in sales even when compared to a more ‘normal’ year.”

She added: “With higher footfall, more in-store spending and online sales still increasing above pre-pandemic levels, there are many reasons to be optimistic. With the threat of inflation also looming on the horizon, it remains to be seen if the summer boom can be sustained into the Autumn.”

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