UK: Retail growth slows in July
Retail sales growth in the UK slowed during July due to a fall in consumer confidence, according to the British Retail Consortium (BRC).
The BRC said UK retail sales values rose 0.5% on last July on a like-for-like basis, while total sales edged up by 2.6%.
Clothing sales growth was boosted by promotional deals, but trading in footwear was more difficult, it added.
Meanwhile, non-food internet, mail order and phone sales recorded their weakest growth for nearly a year, rising 11.3% on last July.
“These are poor results for non-food retailing, with some sectors actually seeing sales falls,” said Stephen Robertson, director general of the BRC. “The vitality has even faded from online sales growth.
“The benefit from sunny weather receded as it turned cooler and wetter in parts of the country, while the World Cup boost ended.
“But the overriding factor is consumer confidence – it’s fallen recently, though people are still more confident than this time last year.”
- VF Corp confirms interest in Africa sourcing
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- Mexico makers see rise in exports and local demand
- Will Amazon take over the US apparel market?
- Metallised thread for "revolutionary" RFID tag
- UK retailers to answer over human trafficking
- Manufacturing in China falls to 15-month low
- LF Corp to streamline planning and sourcing
- Millennials "changing the game" for hosiery
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects