UK: London retail sales down 0.7% in December
Retail sales in central London fell by just 0.7% in December according to new figures published today (19 January), as the strong euro and heavy discounting attracted more shoppers from the Eurozone.
Figures from the BRC-KPMG London Retail Sales Monitor showed the like-for-like decline in London is better than the 3.3% decline in the UK as whole.
Retail footfall in December was stronger than in the past few months and well up on a year ago, it said, but UK shoppers were still reluctant to spend despite early clearance sales.
Sales of clothing and footwear were described as "difficult," even with heavy discounting.
Stephen Robertson, director general of the British Retail Consortium, said: "In the context of today's tough conditions, these are weak figures that could have been worse. This is London retail's poorest December since 2004 but beats the rest of the UK."
Helen Dickinson, head of retail at KPMG, added: "The weaker pound, which is making the UK very attractive for overseas shoppers, has helped keep the capital's December sales performance above that of the UK as a whole.
"However, a fall for central London of 0.7% is nothing to shout about and does not bode well for 2009, given the economic outlook and London's position as a major financial centre."
Help test our new apparel sourcing tool.
UK retail sales rose 1.4% on a like-for-like basis and 3.2% on a total basis last month, helped by a heatwave....
Retailers should focus on value for money to attract and retain customers if they want to survive and prosper beyond the recession, Sir Terry Leahy, the chief executive of Britain's biggest supermarke...
Facing a strong comparison with figures in the same month last year, UK retail sales values fell in May, despite a boost from warm weather and the bank holidays....
UK retail sales in April rose at their fastest pace for three years, new figures show today (12 May), with warm weather and the later timing of Easter boosting demand for clothing and footwear....
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- "Power of the many" drives change at Otto Group
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022