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PRIVACY
Economic Development

Discounts help High Street bounce back into growth

The high street bounced back to sales growth in May as offers and discounts tempted shoppers into stores.

The high street bounced back to sales growth in May as offers and discounts tempted shoppers into stores, figures show.

Like-for-like sales were up 1.8% on the same period in 2012, with online spending helping businesses to shift stock left over during a weather-hit slump the month before.

Sofas, flat-packs and bedroom furniture led the way as consumers opted to invest in home improvement amid a series of promotions.

The figures from the British Retail Consortium (BRC) come after April saw sales fall at their fastest rate for a year.

They provide a boost for hopes of a sustained recovery in the wider economy amid the fears of some experts that a continued squeeze on household earnings - lagging behind inflation - could put the brakes on any upturn.

BRC director general Helen Dickinson said it was a good result for retailers as they contended with changeable weather patterns and the continuing subdued º£½ÇÊÓÆµ picture.

She said: "The signs are that temporary discounts and offers worked well to tempt shoppers into stores and clear some of the stock that had been slow to sell during the preceding months.

"This strategy paid off particularly well for furniture and flooring, May’s best-performing category.