High street suffers worst September since 2011 amid Brexit fears
We continue our theme about factors affecting market towns with this rather depressing news about the high street…..
High street shops had their worst September for eight years thanks to Brexit uncertainty, new figures suggest, and one key sector saw purchases at their lowest since the 2008 recession.
Other factors contributing to an in-store sales fall of 3.1 per cent, compared with a year prior and after an already weak 2.7 per cent drop, included plummeting footfall and closures of big-name chains.
It was the poorest September since 2011, according to BDO’s High Street Sales Tracker.
Weaker discretionary spending resulted in the lifestyle category suffering a 5.4 per cent drop, its worst performance since the height of the recession in November 2008.