May sees sales dropMonday, 08 June 2009
High street sales fell in the fifth month of the calendar year as shoppers continued to rein in their spending, figures will show this week.
According to the Sunday Telegraph, like-for-like sales from a combination of 70 retailers, comprising more than 10,000 shops, fell by 1.5pc over the month. Fashion chains saw sales decrease by 3.4pc while homewares retailers saw sales fall by 7.2pc, according to figures from BDO Stoy Hayward.
The poor month for high street chains is likely to be confirmed on Tuesday when the British Retail Consortium releases its own sales figures for May. Rupert Eastell, head of retail at BDO Stoy Hayward, said: "Despite some tentative signs that the economy is starting to improve, retailers are still finding life on the high street especially tough – particularly as concerns about unemployment continue unabated."