Like-For-Like Sales

Jul- 2022 -

8 July

Cost of living crisis weighs on retail sales growth

High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…

May- 2022 -

11 May

Industry News

Jollyes announces new CEO amid expansion plans

Nationwide pet retailer Jollyes has announced the appointment of Joe Wykes as chief executive officer to lead the business through a period of expansion that aims to see annual turnover grow to £100m in the next 12 months. In January, Jollyes reported record sales of £42m for the half year…

Jan- 2022 -

20 January

Jollyes sets sights on expansion as sales surge

Jollyes has announced “ambitious” growth plans after seeing sales surge to a “record high” £42m in the half year to 30 November. It revealed the retailer plans to open 20 new stores in the next 12 months, including new Scottish stores in Edinburgh, Glenrothes and Stirling, a new Welsh store…

Jul- 2021 -

13 July

Economy

UK retail sales jump 13.1% in June

Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%. In the nation’s high street stores, sales were…

May- 2021 -

27 May

Business

Pets at Home sales top £1bn in FY21

Pets at Home has reported that group sales rose by 7.9% to £1.14bn in its financial report for the 52 weeks ended 25 March. The pet retailer also saw a 35.5% increase in statutory pre-tax profit to £116.4m over the period, with like-for-like sales also jumping 8.7%. For Pet at…

Jan- 2021 -

8 January

Industry News

Pets at Home raises guidance following sales boost

Pets at Home has raised its full-year guidance following a period of “accelerated momentum” in its third quarter of trading. Based on its current year-to-date trading, as well as assuming no change to its “essential retailer” designation, it now anticipates full-year pre-tax profit to be ahead of its previous guidance,…

Nov- 2020 -

24 November

Business

Pets at Home sales boosted by rising pet ownership

Pets at Home has announced that group revenue grew by 5.1% to £574.4m in the half-year ended 8 October 2020, noting that the underlying pet care market remains “in good health” despite the pandemic. While the group saw pre-tax profit fall by 5.1% to £39.6m in the period, down from…

Aug- 2020 -

7 August

Coronavirus

Poor July sales rock high street recovery

Poor in-store sales through the month of July have “dampened hopes of a recovery” across UK high streets, according to the latest High Street Sales Tracker from BDO. In-store like-for-like sales decreased by 39.4% last month, down from a marginal base of 0.1% that was reported the year before. According…

Jul- 2020 -

31 July

Retailers

Pets at Home sales stabilise in quarterly results

Pets at Home has announced that total group revenue fell by 1% in the quarter ended 16 July, while like-for-like revenue was down by 0.7% in the period. Amid the onset of the pandemic, the first eight weeks of the period saw like-for-like revenue tumble 13.5%, though this was later…

Jun- 2020 -

5 June

Business

Online sales reach 10-year high

British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty, according to new figures by accountancy and business advisory firm BDO. According to BDO’s High Street Sales Tracker (HSST), total like-for-like sales, consisting of both in-store and non-store sales, declined…