High street sales suffer another fall
The high street has suffered its third consecutive month of falling sales, with fashion retailers the hardest-hit by tightened household spending.
Like-for-like sales were down 1.3% overall during May, while fashion stores were hit with a 3.6% fall in year-on-year figures, according to accountancy and business advisory firm BDO's High Street Sales Tracker.
Fashion sales were negative in the first three weeks of May, while the figures for the month make it the fourth of the year recording no in-store growth, suggesting a "worrying downward spiral" for clothing retailers.
Homeware stores fared better, posting like-for-like growth of 1.2% off a strong base this year, but the lifestyle goods sector was the major winner with a sales boost of 3.9% year on year, buoyed by record tourist numbers and a weak pound. BDO said reduced spending was being felt most by fashion retailers.