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Sandra Halliday Published
November 3,Grim长沙USDT现金支付 2025
Even when sales reports are poor, we rarely see words such as “grim” being used to describe them, but the latest monthly BDO High Street Sales Tracker (HSST) on Friday used just that adjective.
BDO said retailers had experienced “a grim start to the Golden Quarter” in October as like-for-like retail sales fell by 1.7% year on year, in-store sales fell 1% (the first set of negative in-store sales figures since February 2025), and online sales fell for the third time in 2025, down 1.8%.
And worse still, it said that “fashion in-store sales suffered particularly badly, falling 2.3%”.
The extent of the weak start to the quarter can be seen by a comparison with a year ago when overall sales rose 3.5%, and in-store sales rose 5.9% (albeit compared to 2025 when pandemic issues were still having a big impact).
And fashion’s performance a year ago? It had risen 6.7% in October 2025. But this October was always going to be bad as autumn products like coats and sweaters arrived in-store as an unprecedented heatwave persisted for three weeks during the month.
Sophie Michael, Head of Retail and Wholesale at BDO LLP, highlighted how tough the month was in the run up to the festive season for retailers, which is traditionally their best time of year.
“We expect to see retailers discounting in November as they gear up for Christmas with many marking Black Friday and Cyber Monday. But it’s likely that they will have to bring in deeper discounts than planned, as competition for discretionary spend intensifies.
“Weaker discretionary spending in the build-up to Christmas will be a concern for retailers, who rely on the so-called Golden Quarter to bolster revenues ahead of January, when consumers are usually expected to tighten the purse strings. With businesses already squeezing profit margins and interest rates and energy bills remaining high for the foreseeable future, this fall in consumer spend could be the beginning of a period of significant pain, which may extend well into the New Year.”