‘Reality check’ for retailers as sales creep up
Tuesday 08 October 2013
The warm autumn weather has hit fashion retailers just as the High Street had been showing signs of recovery, according to a new report.
Like-for-like sales grew 0.7% in September against a year earlier but that made it the weakest month of the year, suggesting shoppers are willing to wait a little before buying their winter wardrobe, the British Retail Consortium and KPMG said.
David McCorquodale, KPMG’s head of retail, warned: “These figures are a reality check and will make retailers nervous as we enter the run up to Christmas.” Only children’s clothes and footwear saw a significant boost, mainly due to the back-to-school market.
Grocery sales also struggled as shoppers continued to feel the squeeze and turned to discounters such as Lidl and , which have both seen record-breaking rises in market share.
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