Hopes that strong retail sales in the summer would continue into early autumn seem to have been dashed — at least that’s the case according to the earliest of the monthly retail sales reports to come out.
South London outlet mall Icon Outlet at The O2 said sales during August reached record levels compared to the pre-pandemic period in 2019. Sales rose by 24%, average transaction value grew 11%, and footfall rose 10%.
Premium fashion retailer Reiss had plenty of good news on Thursday. It announced a move into kidswear for the first time in 50 years, a link-up with Castore, and said that it's recovered strongly from the pandemic.
City centre retail has suffered from the pandemic as tourists haven’t returned in large numbers and office workers stay home. But there’s hope, with signs of office workers returning to semi-normal working patterns.