Due To The Economic Downturn And The Competition Of Electricity Providers, The High Street Industry In Britain Was Seriously Depressed After 2015.

High street in England

In the first 5 months of this year, no growth has been seen, although the 1.9% decline in May is much better than the 6.1% decline in April, but it is worse than that in the first three months of 2016.

According to Industry Research Institute BDO's latest HighStreetSalesTracker (HSST), May high street in England.

Category sales also fell by 1.9%, but in the middle of the month, the fashion category broke the trend of 8 consecutive weeks of decline, which increased in the nineteenth and 20 weeks of the year, but was only offset by another three weeks' decline; the Lifestyle category decreased by 2.4%; the household category had a 1% increase; and the non store category had an increase of 18.5%.

It is worth noting that in the first five weeks of April 29th, the sales of the high street industry in the UK were running worse.

BDO said many high streets in April.

The announcement of bankruptcy and the fact that the British referendum time (June 23rd) is drawing near has all had a negative impact on the high street market in the UK. Under this background, the highly competitive high street market continues to suffer from profit pressure.

Due to the economic downturn and the competition of electricity providers, the high street industry in Britain was seriously depressed after 2015.

For the current June, although BDO indicated improvement at the beginning of the month, the data released by the British Federation of industry (CBI) predicted that the market sentiment in June would be further weakened.

In addition, data released by Markit, the industry data service provider, showed that British household economic pressure reached its peak in the past 20 years in 2016, mainly due to the sharp slowdown in wage growth and the pressure caused by inflation.

In addition to external economic reasons, consumer trends from simple buying behavior to experiential consumer items are obvious. Another uncertain factor is abnormal weather in Britain.

The latest data released by fashion retailer UrbanOutfittersInc. (NASDAQ:URBN) in the US showed that the recovery of its brand name UrbanOutfitters in the first quarter of the 2017 fiscal year may just be a flash in the pan, resulting in a sharp 7.8% decline in the group's share price after the 9 day trading.

Since October 2015, in the past 8 months, only HSST increased by 1.7% in 2016 and January, but declined in the other 7 months. However, January as a traditional holiday season belongs to the peak season.

For the increasingly depressed British high street market, SophieMichael, director of BDO retail and wholesale business, said there is no prospect of improvement and improvement. Retailers can only rely on discounts or excellent products to survive in the market after self examination.

Prior to this, due to the gradual loss of consumers, BHS and AustinReed went bankrupt, and BHS had a huge pension shortfall. At present, Philip Green, the former boss of the company, is investigating, and the related BHS pactions have been exposed inside the BHS.