Fashion retail struggled in November says BDO sales tracker

And so it was with BDO’s latest High Street Sales Tracker (HSST) for November with its figures suggesting that “shoppers have become increasingly jaded by Black Friday.”According to the HSST, in-store sales declined by 2.6% year-on-year last month and following a poor October (down 2% year-on-year), it marks the tenth consecutive month of negative in-store growth. 

It also strongly hints at an autumn trading period that’s going to make grim reading when many retailers issue their trading updates and final-quarter earnings reports in the weeks and months ahead.Despite retailers trying to boost sales with extended and targeted discounting, Black Friday week “provided little respite” with in-store sales remaining almost flat at +0.4%.But online retail had a “bumper mon…