UK: Cold weather boosts September clothing sales
Like-for-like UK retail sales rose 3.0% in September, with colder weather at the end of the month helping clothing and footwear sales to pick up further from a poor July.
According to the British Retail Consortium, which released the figures, consumer confidence is being hit by interest rate rises and financial worries after a recent banking crisis.
Kevin Hawkins, BRC director general comments: "Sales were slightly better than anticipated for two reasons - firstly, the weather gave a much-needed fillip to the clothing and footwear sectors, but secondly and more importantly, price promotions and cuts in base prices were widespread across all sectors, resulting in an unprecedented number of buying opportunities."
However looking ahead, Helen Dickinson, head of retail at KPMG warned: The real acid test will come in the lead up to Christmas, so there is no time for complacency - there is also no doubt that it will be challenging for many retailers, as the low growth backdrop looks set to continue."
The past few weeks have revealed precisely how much respite Christmas spending has granted fashion retailers on the UK high street, with chains including Marks and Spencer and JJB Sports providing tra...
There was little Christmas cheer at M&S yesterday (9 January) after the retailer posted its worst quarterly results in more than two years. But are the figures symptomatic of problems at M&S specifica...
Retail sales of clothing and footwear in the UK fell in February despite continued discounting, according to figures released today (11 March) by the British Retail Consortium (BRC)....
Sales of clothing in the UK fell during the month of January despite aggressive discounts to lure shoppers into stores....
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Planning is key to an effective inventory strategy
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- US Q3 in brief – Sears, Vince Holding, Genesco
- Myanmar garment industry "lacking labour rights"
- Outdoor apparel sector set for double-digit growth