Fashion Sector Feels the Gap Between Online and Bricks-and-Mortar Retail
- High street sales continue to lag behind online retail
- BDO’s data shows total like-for-like retail sales growth at 2.8% in July
- Growth rate lower than previous year’s 3.0% base
According to recent data from accountancy firm BDO, total like-for-like retail sales growth in July reached only 2.8%, compared to a base of 3.0% in July 2024. This indicates that online retail continues to outpace high street sales, reflecting the growing disparity between digital and physical storefronts. The fashion sector is particularly affected by this trend.
Factuality Level: 9
Factuality Justification: The article provides accurate and relevant information about the growth rate of retail sales based on data from a reputable source (BDO) and is concise without any apparent issues with digressions, sensationalism, redundancy, or bias.
Noise Level: 5
Noise Justification: The article provides a single statistic without any context or analysis, making it difficult for readers to understand the significance of this figure and how it compares to previous months or years. It lacks actionable insights or explanations.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses retail sales growth, which can have an impact on companies’ financial performance and the overall economy. However, it does not specifically mention any direct impact on financial markets or individual companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it’s not related to an extreme event.
www.retailsector.co.uk 
www.retailgazette.co.uk