March sales figures point to continued growth on the high street. Mid-size high street retailers are high street retailers are going in to the second quarter of the year in a strong position after a second consecutive month of improvements in retail spending, according to accountants and business advisers BDO LLP.
Figures from the BDO High Street Sales Tracker for March show overall like-for-like sales up by just over 8 per cent (8.1 per cent) on last year. Fashion retailers saw takings jump strongly with like-for-like sales standing at 8.4 per cent.
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Don Williams, Head of Retail at BDO LLP commented: “An early Easter, sunny weather and cleverly targeted promotions have seen retailers report excellent results for March. Sales were up across all categories and this has been a huge and much-needed boost to the retail sector.
“However, this does not signal the end of the downturn. We expect that the second half of the year will be more of a struggle for the sector, so retailers must focus on excelling in customer service to make sure people continue to spend money on the high street.”