Poll: Cycle retail sales
Posted on in Cycles News , Polls & Results
Retailers have suffered their worst June in almost 10 years as consumers chose to spend on leisure rather than shopping, according to the BDO High Street Sales Tracker.
Like-for-like store sales across the industry slid 2% in June, with the BDO commenting it was "the worst overall decline seen in June since 2006".
BDO noted: "Lower levels of footfall coupled with lower sales conversions overall meant disappointing takings, and the discounting introduced in the final two weeks of the month by many retailers was unable to lift sales significantly."
High street footfall was also down every week but retail parks held up.
BDO head of retail and wholesale Sophie Michael said: "Traditionally, positive messages about the economy would have meant an increase in consumer spending.
"Despite the Government and the Bank of England indicating a greater disposable income, store footfall is down and retailers are struggling to convince people to spend their cash with them."