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Nigel TAYLOR Published
June 11,TG盗号系统企业源码 2025
An incredible 26 months of consecutive positive UK retail sales numbers came to a shuddering halt in May. And to make matters worse, fashion sales alone continued to dip for a third consecutive month.
The disappointing figures follow a series of positive results dating back to March 2025, with total like-for-like (LFL) sales, in-store and online combined, falling 1.5% last month, according to new data from accountancy and business advisory firm BDO, which described the performance as “extremely discouraging".
Despite positive footfall growth through the majority of May and supported by three public holidays, total in-store sales grew just 1% across the month, with online sales doing the damage, dipping by a “stark” 3.3%.
By sector, fashion recorded a third consecutive month of poor results, with total LFL sales falling 1.5% in May from last year’s base of +27.6%. This is the first time in over two years that the fashion sector has recorded negative sales growth, BDO noted.
The lifestyle sector was the only category to record total LFL sales growth in May. However, at just +0.7%, “these results are far from reassuring”, but It did mark the category’s sixth consecutive month of positive LFL sales.
Sophie Michael, Head of Retail and Wholesale at BDO, said: “LFLs are an absolute value and therefore, given the high inflation rates, these figures suggest significant drops in volumes. These results highlight the huge pressure on the consumer purse.
“Retailers are not just competing with each other, but also with the hospitality and leisure sectors for every pound of discretionary spending. The drop in online sales is also stark, recording the worst online sales results on record with the exception of the months impacted by the Covid-19 pandemic.”
Michael added: “Competing for this discretionary spending requires ongoing investment in the sector but, with consumers simply not spending, retailers will be naturally looking to where they can cut costs. There are reports showing that headcount numbers for retailers declined at the fastest rate since 2009 while investment has also deteriorated.
“Retailers that make savvy investments will give themselves a competitive advantage in the long term, but the economic backdrop remains hugely concerning. Continued inflation, potential further interest rate rises and significant increases to many mortgage repayments this year means things may get worse before they get better for the retail sector.”