UK: Clothing retail sales growth rises in November
British retailers have reported the third consecutive month of year-on-year sales growth in November, according to figures released today (29 November) by the Confederation of British Industry (CBI).
The business organisation's latest Distributive Trades Survey also reveals that the a balance of +33% of retailers reporting growth in retail sales volumes is the highest since June this year.
The volume growth reported by respondents in the clothing sector also proved better than expected at +29%, but was weaker than the +57% seen in October.
"This months' survey is reason to be cheerful as we head into the festive period," said Anna Leach, CBI head of economic analysis.
"Retailers across the board will be heartened by these encouraging results. The increase in employment, along with expectations for improvement in the business situation over the next quarter, point to a welcome boost to the sector."
But she added: "There is some way to go before activity on the high street is back to normal."
- Li & Fung looks to new frontiers for growth
- SOURCING: Worldwide change in cost competitiveness
- Gap impressed with supply chain improvements
- More licensing and less M&A for Global Brands
- Better Work programme poised to expand
- China minimum wage rises will be tough to handle
- Cambodia garment industry hit with fresh strikes
- Cambodia mass faintings rise to 896 in first-half
- Ralph Lauren unveils high-performance Polo shirt
- Cambodia garment makers condemn strike protests
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global market review of denim and jeanswear – forecasts to 2020
- Prospects for the Textile and Clothing Industry in Turkey
- Global Database of the Top 1000 Apparel Knitting Mills - Company Names, Financial Performance, Key Executives, and Contact Details
- China - ISA Country Report