The high street has shown its first sign of life since Brexit, with sales last month rising to end a nine-month run of decline in one of the countryโ€™s most closely followed retail industry barometers.

BDO, the accountancy network, said that its high-street sales tracker recorded a 0.7 per cent uptick in October, its first positive performance since February, driven largely by an 11.6 per cent increase in homewares sales and a 2.3 per cent rise in lifestyle goods.

โ€œShoppers have reminded everyone of their resilience and this result provides a promising start to a crucial trading quarter. Prices will inevitably rise next year in the context of the falling pound but right now people are remarkably upbeat about their finances,โ€ said Sophie Michael, national head of retail and wholesale at BDO.

One dark spot in the results was fashion retail, with like-for-like sales dropping in three weeks out of five in October, with the accountancy firmโ€™s tracker recording a weekly high for the month of 2 per cent against a low of 5.2 per cent, although a cold snap earlier in the month provided clothing chains with a much-needed boost.

Overall, fashion sales last month were down 0.9 per cent, although even this result was the best since January.

โ€œRetailers have a perfect window of opportunity to push full-price lines for the next few weeks and claw back their margins prior to Black Friday,โ€ Ms Michael said.

Non-stores sales also rose, gaining 19.5 per cent year-on-year, after falling in September to 12.6 per cent, indicating a slowdown in online trading.

As high-street sales fell this year, retailers have looked to improve trading, meaning Octoberโ€™s resurgence will have calmed some nerves.

Over the month, BDO said that online sales were positive in three weeks out of four and in one week rose by more than 20 per cent on the year.

Search

About

The Customer Collective is an online platform dedicated to empowering consumers by sharing knowledge, experiences, and insights related to consumer rights, business practices, and financial awareness. The platform brings together customers who want to better understand their rights and navigate issues with companies, contracts, and financial systems.

Founded in 2008, The Customer Collective was created to raise awareness about consumer rights and provide a space where people can discuss unfair business practices, misleading policies, and financial concerns. Through articles, shared experiences, and educational resources, the platform helps consumers stay informed and make better decisions.